I think Keynes called it animal spiritsHonestly, where do these crazy ideas come from?
also Nobody know nothing
I think Keynes called it animal spiritsHonestly, where do these crazy ideas come from?
Although preparation is good. FIREcalc includes plenty of dire periods.I don’t worry about things I have no control over.
The Coronavirus Recession of 2020 may support something like your hypothesis. Just conjecture on my part.I'm probably speaking way above my own intelligence with this question, but it popped into my caveman head today and won't leave.
It seems to me like we're past the point at which the next recession will be mild and short. I think we're in for a doozy sometime. So I then wondered if the Fed's actions for a soft landing (along with everything else it does) has set up the economy for a harder fall... whenever it may happen. Perhaps a harder fall than just having let a moderate recession take place lat year and then responding to it. I know that would have meant hardship for many people by way of unemployment and reduced investment values. And I don't want anyone harmed.
Go gentle on me if I'm way out of line. I dare not post this on the other forum!
crypto or world wide currency starting with, perhaps, the dollar? A slow morph or a bold declaration. or NOT.Will crypto be the next "To big to fail" thing?![]()
I dunno. In terms of debt issuance we are and probably will continue to be the best looking horse in the glue factory.Scariest thing to me is that someday - hopefully not for a long time - someone (some country - or several) will decide they don't want to buy our debt any more or hold our dollars. That could be ugly. Til then, I think we'll muddle through most problems okay. YMMV
It would probably be healthier to allow periodic, cleansing recessions, but then elections come along more quickly than recoveries, so officials decide it’s better to inject liquidity now, longer term consequences, like mushrooming national debt, be-damned. After all, those are future officials’ problems.
The political class isn’t known for long-term thinking, so I expect we’ll keep it up until we can’t.
Also known as bad decisions."Creative destruction." I've never heard such an oxymoronic phrase before.
It’s one of the most well-known conceptions of capitalism.
“The phrase creative destruction" was originated by the Austrian economist, Joseph Schumpeter. He introduced the concept in his book "Capitalism, Socialism, and Democracy" published in 1942. Schumpeter used the term to describe the process by which innovation and technological advancements lead to the obsolescence of older industries and economic structures, thereby fostering new growth and progress.”
From Creative Destruction - Econlib
DeletedI think so, or rather it has to be so. But will it affect the overall economy to cause a recession? I have to believe that it won't.