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Predictions for 2020
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Predictions for 2020
by onlooker » Wed 11 Dec 2019, 12:05:04
A thread to offer any prediction you may have for 2020. I think we will have a major economic downturn in the West. I think Trump will win reelection. And protests will intensify around the world.
"We are mortal beings doomed to die
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Re: Predictions for 2020
by Outcast_Searcher » Wed 11 Dec 2019, 15:17:04
$this->bbcode_second_pass_quote('onlooker', 'A') thread to offer any prediction you may have for 2020. I think we will have a major economic downturn in the West. I think Trump will win reelection. And protests will intensify around the world.
Would you care to quantify "major economic downturn"?
With doomers so often claiming a slowdown is a "crash", etc., a doomer claiming next year will see a "major economic downturn" is like an ordinary person claiming next year "the sun will rise daily", so you're not exactly telling us much with that prediction.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Predictions for 2020
by onlooker » Wed 11 Dec 2019, 15:22:30
$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('onlooker', 'A') thread to offer any prediction you may have for 2020. I think we will have a major economic downturn in the West. I think Trump will win reelection. And protests will intensify around the world.
Would you care to quantify "major economic downturn"?
With doomers so often claiming a slowdown is a "crash", etc., a doomer claiming next year will see a "major economic downturn" is like an ordinary person claiming next year "the sun will rise daily", so you're not exactly telling us much with that prediction.
Something as bad as 2008 or worse. The powers that be no longer care to prop up the Western consumers with Asians and others picking up the slack. Plus, monetary stimulus via debt is just untenable at this point
"We are mortal beings doomed to die
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onlooker - Fission
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Re: Predictions for 2020
by Outcast_Searcher » Wed 11 Dec 2019, 15:23:07
I predict the US and global economy will be within "normal" economic parameters for 2020, unlike the usual doomer porn predictions the fast crash fudsters that hang out here like to predict.
So, for example, even if we enter a recession, it will simply be a normal recession. No end of all things "collapse" or any such nonsense. To be clear, not even the scale of the "great recession", or anything close.
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Not that, of course, if we DO enter an actual recession, there won't be endless CLAIMS of economic collapse by the FUD crowd. Hell, look at the claims they make during economic growth.
So, for example, even if we enter a recession, it will simply be a normal recession. No end of all things "collapse" or any such nonsense. To be clear, not even the scale of the "great recession", or anything close.
...
Not that, of course, if we DO enter an actual recession, there won't be endless CLAIMS of economic collapse by the FUD crowd. Hell, look at the claims they make during economic growth.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Predictions for 2020
by Outcast_Searcher » Wed 11 Dec 2019, 15:30:25
$this->bbcode_second_pass_quote('onlooker', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('onlooker', 'A') thread to offer any prediction you may have for 2020. I think we will have a major economic downturn in the West. I think Trump will win reelection. And protests will intensify around the world.
Would you care to quantify "major economic downturn"?
With doomers so often claiming a slowdown is a "crash", etc., a doomer claiming next year will see a "major economic downturn" is like an ordinary person claiming next year "the sun will rise daily", so you're not exactly telling us much with that prediction.
Something as bad as 2008 or worse. The powers that be no longer care to prop up the Western consumers with Asians and others picking up the slack. Plus, monetary stimulus via debt is just untenable at this point
OK. Fair enough. That's a prediction we can look at in 2021 and evaluate. Thank you.
I have seen absolutely NO objective predictions or claims by credible economic sources that anything even CLOSE to the 2008 mess is in the offing. In fact, such articles I read explain why it almost certainly is not.
It's not like the west can't monetize much of the debt with inflation over time, if needed. A decade of 70's style inflation would roughly reduce the magnitude of the debt by 3/4's or so in real terms, for example. Very bad for savers, just like in the 70's, but not even beginning to be anywhere near actual "collapse" or "doom".
If the debt continues to grow rapidly and unabated, that would be the most likely scenario OVER TIME, IMO. Note: that does NOT mean hyperinflation, despite Armageddon's endless yammering claims.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
