Will! Posted July 12, 2020 Share Posted July 12, 2020 Dr Tim Morgan's millenarian predictions have been around about as long as this thread, but he does see a couple of new developments. Surplus Energy Economics: Poorer, angrier, riskier Quote Amidst unsustainably high fiscal deficits, and the extreme use of newly-created QE money to monetise existing government debt, we need also to be aware of the risk that, in a reversal of the 2008 global financial crisis (GFC) sequence, a financial crash might follow, rather than precede, a severe economic downturn. Quote This also means that, in addition to deteriorating prosperity itself, there are two leveraging processes which are accelerating the erosion of consumers’ ability to make non-essential purchases. The first of these is the way in which taxation is absorbing an increasing proportion of household prosperity, and the second is the rising share of remaining (discretionary) prosperity that has to be allocated to essential categories of expenditure. These are not wholly new trends – and they help explain the pre-crisis slumps in the sales of non-essentials such as cars and smartphones – but one of the clearest effects of the crisis is to increase the downwards pressure on consumers’ non-essential expenditures. Quote Link to comment Share on other sites More sharing options...
StuartMc Posted July 14, 2020 Share Posted July 14, 2020 On 17/04/2020 at 08:55, Will! said: Is Private Equity Having Its Minsky Moment? Short answer: yes. I think the answer is behind door number three. Ah, but if I show you door number two has a goat behind it, do you stick with door 3 or switch to door 1? Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted February 22, 2021 Share Posted February 22, 2021 Bump Quote Link to comment Share on other sites More sharing options...
highcontrast Posted September 17, 2022 Share Posted September 17, 2022 I was reading the following post on Reddit: Which mentioned this very HPC post, a HPC post worth revisting perhaps? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 29, 2022 Share Posted September 29, 2022 Big bump for those who have never read the original post. Quote Link to comment Share on other sites More sharing options...
TerryBoi Posted September 29, 2022 Share Posted September 29, 2022 5 minutes ago, rantnrave said: Big bump for those who have never read the original post. 👌 Quote Link to comment Share on other sites More sharing options...
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