Topic: world wide economic boom
With all the -so called- bad news, most of the economic authorities predict an new economic crisis.
Lets make it a game and put some predictions here and come back in 1,5-2 years.
I hope for the sake of entertainment the mods will allow us for once to bump this forum in 2 years. At the current level of activity it will raise 3 topics or something anyway.
I say the exact opposite of what most people say. Unless some serious disaster hit us, economy will soon rise like never before. Why? The same reasons those very self proclaimed specialists use:
*Oil prices are low:
This is a very good thing short term. (long term it might increase oil prices of course cause investments in oil production are lower)
*Stock market is going down:
it might sound simple but...it can only go up! It was way overpriced by wrong gov intervention anyway.
*Economy in brics countries is collapsing:
Those economies where simply overrated. Not the least by their own govs. But if it means anything, it means cheaper resources. Resources play an important role in the price of products. Cheaper products mean more money for everybody to invest in other economic activities.
*Not enough employment in US:
Economy in the united states is doing better. I'm sure jobs will follow.
*Jobs will be lost to brics countries:
wages in the brics countries are much higher as before, and other countries still lack infrastructure to become a factory econ like eg china.