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> The economy is ricocheting from giant boom to bust. 2000, 2008, earlier crises that were less global. Certainly not a new concept from 2020. > Inflation is
by Macha 4y ago
> The economy is ricocheting from giant boom to bust.
2000, 2008, earlier crises that were less global. Certainly not a new concept from 2020.
> Inflation is causing a cost of living crisis all over the world.
https://ec.europa.eu/eurostat/statistics-explained/index.php?title=File:Euro_area_annual_inflation_and_its_main_components,_March_2013_-_March_2023_(estimated).png https://ec.europa.eu/eurostat/statistics-explained/index.php...
I wonder what may have caused that large spike in energy prices in the beginning of 2022 and what other non-covid events might have caused that.
> We are risking a large banking crisis.
True, but if banks are only sustainable at 0% interest rates, is that not an issue already?
> We are experiencing massive layoffs in our own industry.
IT employment is dramatically up since 2020, even after layoffs.
> Cities are being hollowed out.
If housing policy hadn't been mismanaged so much in the west over the last 30 years, I'm sure there'd be much less pent up demand to leave now that people have the option.
> We have an epidemic of loneliness.
You think this started in 2020? Never heard anyone discuss NEETs, the frankly dismal prospects of anyone graduating without a qualification in one of the few popular fields these days, the negative effects of social media, etc, before 2020? Must be a nice bubble.