An economic forecast

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enigma72
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@enigma72
Posts: 21,060
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An economic forecast Oct 13, 2022 19:08:57 GMT via mobile

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Post by enigma72 on Oct 13, 2022 19:08:57 GMT

‘Ridiculously stupid’ economic policies have the U.S. hurtling toward a ‘perfect storm’ of economic pain, Ray Dalio says – Fortune
fortune.com/2022/10/12/ray-dalio-says-us-headed-for-perfect-storm-economic-crises/

Said we are heading toward a recession because of:

Rising debt;
Low interest rates;
Fighting between political parties;
And
The Ukrainian war.

Last Edit: Oct 13, 2022 19:11:22 GMT by enigma72

enigma72
Elite Member

Married with Children

@enigma72
Posts: 21,060
Likes: 14,243

An economic forecast Oct 17, 2022 15:46:12 GMT via mobile

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Post by enigma72 on Oct 17, 2022 15:46:12 GMT

Oct 15, 2022 8:43:43 GMT @belladonna said:

Inflation rate: 10% ....and rising
Government debt: 2.4 trillion Euros, i.e. 69.3% of GDP...and rising
Credit line of 100 billion Euros to improve military equipment and supplies of the army during the next five years
Credit line of 200 billion Euros to cap energy prices until the end of 2024

The Ukrainian war on our doorstep

I'm very concerned, bella

🙄