im supposed to be working but ended up clicking through youtube videos (I blame tinybullcapital)
found the above video, it is full of doom, however quite a lot rings true
someone tell me its wrong, pat me on the back and say everything is going to be alright
How does the saying go? Something like economists have predicted 20 of the last 3 recessions, or words to that effect.
Many thanks Ambrosia. Thought provoking indeed. Yes, we're due for a recession. We automatically become due for a recession as soon as the last one is over. The question is not if but when. The prophets of doom may be correct but they don't give us any help with the timing. I can't remember a sustained period when someone wasn't issuing warnings based on one indicator or another. The main takeaway for me was that the world needs China to maintain their GDP growth or we'll all get subsumed in about $100 trillion of debt which will devastate bond and equity markets. Trump's protectionism is making the situation worse although it may help him to get re-elected. So what do we do to survive? The two most positive suggestions were to buy commodities especially gold or to invest in the mining industries. Who knows? The only certainty is uncertainty.
