Global recession 2019/20??

Aidanmc

I have been researching lots of economic data and analyst reports and there seems to be a lot of negative sentiment in the US economy at present. There is a growing mountain of debt and its unsustainable!
People believe there is a lot of cover up in the government and Fed to keep the economy ticking on. Its been over 10 years since the last major crash and the next one could be the worst yet.
What is your opinion??

Thrugelmir

Nothing new. We've had eight centuries of financial folly. Just a matter of when.

AG47

Thrugelmir wrote: »

Nothing new. We've had eight centuries of financial folly. Just a matter of when.

Boom and bust is a certainty

We have now been over a decade with no bust so this next one is going to be a biggie

The-Joker

Aidanmc wrote: »

I have been researching lots of economic data and analyst reports and there seems to be a lot of negative sentiment in the US economy at present. There is a growing mountain of debt and its unsustainable!
People believe there is a lot of cover up in the government and Fed to keep the economy ticking on. Its been over 10 years since the last major crash and the next one could be the worst yet.
What is your opinion??

Yes the next crash will be a big one. Not the worst yet, I doubt it will be as bad as the great depression. But maybe it will be similar in some respects.

snowqueen555

The crash is always coming, but no-one knows when. It just keeps coming, and when it comes, a few "experts" who timed it right will pat themselves on the back, sell a few books/seminars about it.

tryin

AG47 wrote: »

Boom and bust is a certainty

We have now been over a decade with no bust so this next one is going to be a biggie

Haven't really had a decade. The 2008 crash took years to recover from, so its been well under a decade.

The only certainty in predicting the economy is that no-one really knows...

Malthusian

tryin wrote: »

Haven't really had a decade. The 2008 crash took years to recover from, so its been well under a decade.

It's been almost bang on a decade. The start of a boom is the bottom of the market, i.e. March 2009. Even though the bottom of the market feels like the exact opposite of a boom at the time (it's always darkest before the dawn, shake it out shake it out, woah-oh), and only becomes part of the boom with hindsight.

michaels

WE do have two other recession threads ongoing.
https://forums.moneysavingexpert.com/discussion/5962557/next-recession-poll
https://forums.moneysavingexpert.com/discussion/5934807/the-r-word


Europe looks to be the most fragile, the nitro of QE has been removed and the economies all seem to be standing still at best. Germany escaped a recession by the narrowest of margins H2 2018 (negative growth Q3, zero growth Q4) and looks to have started this year on the same tack, Italy is already in recession and France is faltering.

Thrugelmir

tryin wrote: »

Haven't really had a decade. The 2008 crash took years to recover from, so its been well under a decade.

Until the credit boom era. Recessions actually averaged every 8 years histotically.

phillw

Thrugelmir wrote: »

Until the credit boom era. Recessions actually averaged every 8 years histotically.

And people were so determined to trigger another one in 2016 they voted to leave the EU.

triathlon

Here we go again, another doom and gloom post and a prediction of bad things to come, has Bruce joined us with his 1457th failed prediction?, because they have given up on him at his cult website.

Yes the economy will be up and down until the sun dies and little sad men who failed in life will always be walking up the street with "end of the world placards"