Economy crash =/= stock market crash?

adindas

Type_45 said:

masonic said:

Type_45 said:

Pay very close attention to what's happening in Sri Lanka.

They are the first to fall. Sad to see.

What's happening there is coming to Europe.

That, or the nuclear apocalypse, or we'll all be too busy scratching our monkey pox lesions to care about what's going on in the world...

We will have what the Sri Lankans are having, which is food and fuel shortages which will cause social unrest.

What happen in Sri Lanka with What happen  in Europe is entirely different. The srilankan case is due debt trap from the money they borrow from Chinese government.

But I a not saying the Europe will not get into recession. Based on Citi Analyst Europe is heading for recession.

https://www.youtube.com/watch?v=C8DS-L-ADo4

Type_45

adindas said:

Type_45 said:

masonic said:

Type_45 said:

Pay very close attention to what's happening in Sri Lanka.

They are the first to fall. Sad to see.

What's happening there is coming to Europe.

That, or the nuclear apocalypse, or we'll all be too busy scratching our monkey pox lesions to care about what's going on in the world...

We will have what the Sri Lankans are having, which is food and fuel shortages which will cause social unrest.

What happen in Sri Lanka with What happen  in Europe is entirely different. The srilankan case is due debt trap from the money they borrow from Chinese government.

But I a not saying the Europe will not get into recession. Based on Citi Analyst Europe is heading for recession.

https://www.youtube.com/watch?v=C8DS-L-ADo4

She also said during that clip that 1.9 billion people are about to starve.  

Prism

Andrew Bailey says that this inflation has not been caused by monetary policy - I'm inclined to agree.

Bank of England not to blame for soaring inflation, says Bailey | This is Money

Type_45

Prism said:

Andrew Bailey says that this inflation has not been caused by monetary policy - I'm inclined to agree.

Bank of England not to blame for soaring inflation, says Bailey | This is Money

He would say that.  He's lying.

Prism

Type_45 said:

Prism said:

Andrew Bailey says that this inflation has not been caused by monetary policy - I'm inclined to agree.

Bank of England not to blame for soaring inflation, says Bailey | This is Money

He would say that.  He's lying.

Liar, liar, pants on fire is my favourite argument winner, hands down.

TonyTeacake

Type_45 said:

Prism said:

Andrew Bailey says that this inflation has not been caused by monetary policy - I'm inclined to agree.

Bank of England not to blame for soaring inflation, says Bailey | This is Money

He would say that.  He's lying.

The BOE have got all their predictions wrong about inflation and will panic by the end of the year if inflation isn't going down, so the only thing they can do is be more aggressive in raising interest rates which could be 10% by the end of 2023.

Thrugelmir

TonyTeacake said:

Type_45 said:

Prism said:

Andrew Bailey says that this inflation has not been caused by monetary policy - I'm inclined to agree.

Bank of England not to blame for soaring inflation, says Bailey | This is Money

He would say that.  He's lying.

The BOE have got all their predictions wrong about inflation 

You ever tried predicting inflation?  

Prism

TonyTeacake said:

Type_45 said:

Prism said:

Andrew Bailey says that this inflation has not been caused by monetary policy - I'm inclined to agree.

Bank of England not to blame for soaring inflation, says Bailey | This is Money

He would say that.  He's lying.

The BOE have got all their predictions wrong about inflation and will panic by the end of the year if inflation isn't going down, so the only thing they can do is be more aggressive in raising interest rates which could be 10% by the end of 2023.

It likely won't get anywhere near that. Increasing interest rates has almost no effect on rising energy prices which began over a year ago for reasons entirely unrelated to rates (cold weather, no wind, Nord stream 2 etc)

Swipe

There's a distinct difference between predicting economic downturn and hoping for one and revelling in the outcome. I get the feeling that the OP falls into the latter category. 

Type_45

TonyTeacake said:

Type_45 said:

Prism said:

Andrew Bailey says that this inflation has not been caused by monetary policy - I'm inclined to agree.

Bank of England not to blame for soaring inflation, says Bailey | This is Money

He would say that.  He's lying.

The BOE have got all their predictions wrong about inflation and will panic by the end of the year if inflation isn't going down, so the only thing they can do is be more aggressive in raising interest rates which could be 10% by the end of 2023.

Rates may technically need to be at that level, given the state of the economy etc.

But they will never get remotely close to that before the economy falls apart.


Politicians and central banks have bankrupted the world.  That's where we're at.  Rates have been reduced to near-zero because that's the only thing keeping the show on the road until they implement whatever the new financial system will be.

The central banks are trapped.  They cannot raise rates.  They may do so another once or twice, and then the wheels will fall off and they will loosen policy again.  At that stage everyone will see they have completely lost control and the whole thing will fall apart.


Does anyone actually think that the FED and the BoE can't see this?  You think they are that incompetent?  No.  They are lying.  If they told the truth the whole thing would fall apart right now whilst you're having your lunch.