Showing posts with label The Greater Depression. Show all posts
Showing posts with label The Greater Depression. Show all posts

Friday, October 9, 2020

Are we in the Next Great Depression?


Have we begun "The Next Great Depression?"  Personally, I think we are in what will ultimately be a Great Depression, and we have crossed the threshold (10%+ GDP drop) that makes this offically an economic depression.  But will things get as grim as this video depicts?  I'll let you decided.  This is a really depressing comparison between our world today, and the Great Depression of the 1930's. 

Monday, July 6, 2020

Nouriel Roubini on the "recovery," and the issues we're facing in the 2020's


A professor at NYU, and one of the most hardcore realists among economists, Nouriel Roubini gives a great take on the myriad of issues we're facing in this new decade, and what the recovery may look like.  He sees what may be a "Greater Depression" in the mid-20's, and he explains the ten drivers that could lead to it.

Update: July 16, 2021

 So... the Fed has continued to drop "helicopter money," though not as much as last year, to prop up the economy as a whole.  Asse...