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This seems quite accurate, and enforces my own sentiment. Personally, I'm seeing even more doomsday scenario, but I'm not sure if that's just fear talking. I'm
by Geee 4y ago
This seems quite accurate, and enforces my own sentiment. Personally, I'm seeing even more doomsday scenario, but I'm not sure if that's just fear talking. I'm not even worried about the market, but I'm worried how everyone is going to actually survive, especially in poor countries. As in, how many % of the world population will die.
Both energy and food are scarce, and at the same time monetary inflation is running record-high, caused by monetary stimulus. To me it looks like we're entering an era of unprecedented global stagflation.
I could be totally wrong, and in general I trust the error-correction capability of humans, so take this with a big grain of salt. However, if wrong political decisions and monetary policies are used, instead of relying mostly on free markets, it will very likely make the problem worse.
This is based mostly on intuition. It's just how I feel right now. I don't have the tools to predict something like this accurately.