Agnostic.com

2 0

The IMF just predicted the worst depression since the great one. What is your opinion?
[thedeepdive.ca]depression/?fbclid=IwAR28K08NLqDXlG-_B5BhoKjz6O-peU_PqnwSZo2bDbz3QX1R0sictFiwxt4

ToolGuy 9 Apr 12
Share

Enjoy being online again!

Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.

Create your free account

2 comments

Feel free to reply to any comment by clicking the "Reply" button.

0

Almost certain to happen, for various reasons.

People have discovered (rediscovered?) that they don't have to spend, spend, spend. Apart from anything else, many credit cards will be maxed out.

People have discovered that many jobs do not require commuting to an office every day, thereby leading to fewer fringe employments like snack bars and fuel stations.

People have been learning not to be so "throw away".

People have been rediscovering old skills, from baking to dress making,

Corporations will take advantage of this compulsory lay off to trim work forces of their "less productive" employees without any penalties.

Then there are all the usual economic reasons, beloved of economists, as in the article.

0

I forsee both major boom & bust as there will be a pent-up need to SPEND, as we have been conditioned to do. Howeve steeply rising debt may be created, as we have also been conditioned to tolerate/embrace.
Interesting times ! I wish I still had the entrepreneurial spirit of my younger days, I would order that great big yacht now!

You can include a link to this post in your posts and comments by including the text q:483674
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.