1 (edited by Little Paul 20-Jan-2016 15:02:45)

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.

Re: world wide economic boom

Problem with china is when the world stopped buying stuff in the first crash their gov started massive investment to keep growth artifically high, the world came out of it but china's econ is still in massive reliance on state investment.

3 (edited by Little Paul 13-Mar-2016 10:07:06)

Re: world wide economic boom

I agree to your analysis TYMO

Imo the gov has 2 choices: give up power in favor of democratic reform or face total collapse. They are propping up the econ because the peoples republic of china fears the people. Its unsustainable to fund overcapacity on this scale, even if they save some on military. I've predicted this long ago. Unfortunately it comes true. I just hope there won't be a massacre of the population during revolts like in earlier days.

4 (edited by Little Paul 13-Mar-2016 10:18:33)

Re: world wide economic boom

I went a bit off topic there but to my defense I'm not used to people posting in politics let go reacting to a topic I wrote. Impressive wiki btw yikes