cmcdonald
Boating Accident Victim
Staff member
Administrator
Global Moderator
Supporter
"Philanthropist"
Yowza! That's all bad news all the way around.
From my uneducated perspective, I suspect the global economic outlook and overall condition is far worse than we are being told. Too much bad news just drives the markets further into the toilet. The IMF has already revised it's forecast through winter 2023 and it's not looking good.
Simple math tells us that you (western nations) can't spend on credit like a drunken sailor for 2.5 years through the pandemic and expect no serious and long lasting financial and societal consequences.
I heard economic pundits sounding the alarm bell BEFORE the pandemic...how could the pandemic have not made the situation far worse???
From my uneducated perspective, I suspect the global economic outlook and overall condition is far worse than we are being told. Too much bad news just drives the markets further into the toilet. The IMF has already revised it's forecast through winter 2023 and it's not looking good.
Simple math tells us that you (western nations) can't spend on credit like a drunken sailor for 2.5 years through the pandemic and expect no serious and long lasting financial and societal consequences.
I heard economic pundits sounding the alarm bell BEFORE the pandemic...how could the pandemic have not made the situation far worse???