A global recession is on the horizon - please read OP for mod warning

you can clearly see, particularly across advanced economies, we re in serious trouble regarding wealth distribution, as its clearly going rapidly in the wrong direction, which is now turning up in our political domains, including here in ireland, one of the main spaces its showing itself is in our highly dysfunctional property markets, and now we ve decided the best thing to do is to blame it all on immigrants, policies such as qe have radically failed!

yes wages have risen, but the value of assets such as property has also risen, and in many cases far quicker than wages, rent has also risen, so this in fact means many workers are actually worse off, as more and more income is going towards servicing the debts of the valuation of property and of rising rents, again, as can be seen here in ireland to.

so who wins in all of this, well asset owners of course, which is very lopsided towards older generations, boomers in the states of course, and you d be wondering why many are still falling over themselves for trump!

…and again, yes wealth has in fact rapidly grown during this period, but so to has wealth inequality, whereby more and more are now struggling to meet critical needs such as housing and health care etc. each new generation requires to spend more and more of their income simply trying to meet these critical needs, most notably in their housing needs, mortgage and rental payments.

as others have mentioned, this dynamic is generally called 'rent seeking' or a rentier environment, whereby the ownership of wealth, in the form of assets, becomes more and more concentrated. so yes, on paper, it all looks hunky dory, as the metrics we use to measure the well being of our economies effectively ignores this reality and these dynamics, the main losers in such is generally younger generations, again, this is extremely evident with our now extremely dysfunctional property markets, in which most advanced economies are now experiencing, including here in ireland.

on paper, the irish economy looks really strong, but the reality is, our society is in tatters, largely due to these dynamics, if we continue as is, this will eventually lead to significant economic and societal dysfunctions, of which we re already starting to experience, with the rapid rise in issues such as mental health issues, addictions problems, relationship breakdown, a rise in particular types of crimes etc etc.

its also common for major parts of the economy such as sme sectors to experience significant disruptions and uncertainties, as theres simply less money in circulation, this is largely due to the slowing of the velocity of the money supply in these sectors, as people require to spend more money on other critical needs such as property payments, rather than with these sme's

larger businesses such as large corporations tend not to be as exposed as these sme's, as they tend to have significantly more state and institutional protections in place, and would more than likely be simply bailed out if needs be, sme's rarely if ever experience such protections.

noting, its common that sme sectors actually employ most, so therefore potentially most employees, and employers in these sectors are in fact extremely exposed and experience significant precariousness due to these facts, i.e. most now live under such precariousness

Not as good as pumpkins, going to hold them right through January.

yawn..

Duke brothers must be at again….. they probably need to be thought another lesson by Eddie Murphy and Dan Akyroyd….ps the barrel of oranges must really be empty as it’s showing loads of scrapes

And?

What scares you? The big numbers? Or you don’t know what is behind it ? Or both?

Do you think they should invest in oranges this year to reduce it?

But not China?

I mean why focus on US and Europe?

While it is growing YoY in US, it doesn’t seem that alarming:

On the other hand, looks like China won’t be long catching up with US:

The job market has seriously slowed down . A different animal to this time last year . Something is brewing .

They are currently loaning Usd reserves to Africa but only accepting redemption in Yuan.

Surely that will eventually show up in the rental market.

I agree but nobody wants to admit it has slowed down. Everyone is going on and on about how we have full employment.

i don't, i read about it a year ago.

Technically isn't 4% essentially full employment?