Global recession is coming. German data have fallen off a cliff in recent months. Germany's IFO measure of business confidence has fallen sharply in its forward-looking expectations component (lhs), even as consumer confidence is worse than at the height of 2020 COVID (rhs)… pic.twitter.com/HL2ybRvpJs
— Robin Brooks (@RobinBrooksIIF) June 17, 2022
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Recession? That’s….optimistic.
Don’t ‘depress’ me Bluey.
There is a flag to hang on a bridge!
Who will stand up for Flags?
Recession? That’s….optimistic.
Don’t forget – we’re all in this together…
Staying apart keeps us together
Going broke keeps us wealthy
Own nothing and be happy perhaps?
Comparing this to the 1970’s inflation is just wrong, so many different factors this time. Not recoverable from in the same way.
Interestingly Revelation 18 described total currency collapse eg “They threw dust on their heads and cried out, weeping and wailing, and saying, ‘Alas, alas, that great city, in which all who had ships on the sea became rich by her wealth! For in one hour she is made desolate.’