A projected -3.7% GDP drop is a serious warning.

https://media.upilink.in/ZqY7zQCb5FWPipm

by Realistic-Plant3957

4 comments
  1. When will they announce these numbers? I’d like to make some popcorn and prepare myself 🇨🇦

  2. I like how many like to see these negative numbers just so they can point fingers saying ‘see, orange man, bad’.
    Pretty pathetic if u ask me

  3. Some people believe in the Great Man theory of history. They think the important things happen becauise of what leaders decide.

    And some discard that and think that it’s big historical forces at work, which cannot be evaded.

    I think the historical forces have primary importance and sometimes we can decide to adapt to them in unexpected ways.

    If the USA were any other country, the World Bank and the IMF would have imposed austerity long ago. Instead they let us run up a great big tab and it might come due suddenly. Every US president for a long time has had an opportunity to figure out something to do about it, and none of them did.

    Now maybe the rest of the world is about to mosty stop exporting to us, and Trump comes up with policies to make them stop exporting months early. Does he want to make it look like he caused it? I don’t know what he’s thinking.

    The US president gets to make some important decisions. I have the impression that he could choose to nuke any nation he wanted. But we might be in a situationj now where the US president has no opportunity to make any GOOD important decisions.

    It is a mess and we must try to live through it until things change in some way it’s something new to live through.

  4. You want asset prices to continue up forever..? We need an asset price crash.. we need deflation. You can’t just have inflation forever

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