Wurzel Of Highbridge Posted May 22, 2014 Share Posted May 22, 2014 Does anyone have any thoughts on overcompensation of the 2008/9 recession causing a larger depression - thus what we have been experiencing is a lesser run up [depression to the real thing? It strikes me that we are witnessing highest ever [xxxx] prices and low wage growth on an international and little prospects of that improving. Had governments not attempted to bailout the investments they would have cleared themselves by now instead of the world economy looking like it's now in a crackup boom. Perhaps there are greater forces at work- deflation from technology, peak oil, global warming etc? Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted May 22, 2014 Share Posted May 22, 2014 Does anyone have any thoughts on overcompensation of the 2008/9 recession causing a larger depression - thus what we have been experiencing is a lesser run up [depression to the real thing? It strikes me that we are witnessing highest ever [xxxx] prices and low wage growth on an international and little prospects of that improving. Had governments not attempted to bailout the investments they would have cleared themselves by now instead of the world economy looking like it's now in a crackup boom. Perhaps there are greater forces at work- deflation from technology, peak oil, global warming etc? Ultimately, the biggest single force is at work is a relatively small change in the proportion of profits going to wages rather than capital. The progressive impacts - reduced demand leading to persistent low inflation, debt run-up, savings (capital) glut, high unemployment, welfare dependency..all progressively arise from this. Note, for example, that if we had full employment and robust wage growth, interest rates would not be 0.5%. Quote Link to comment Share on other sites More sharing options...
Errol Posted May 22, 2014 Share Posted May 22, 2014 We haven't had the crash yet. People will know when it happens. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.