What do you think? I guess Fed will fail to hit 2% inflation target and we will have 5~10 years 4~5% interest rates and inflation. Government will make sure blue collar workers incomes are adjusted but high paid workers are on their own e.g. software developers.
Prepare for the Great Depression.
I guess they would have to call it The World Depression II
Won't be 10 years for high inflation, but we are in for a few more years of interest rates staying elevated. The key is that the Fed measures inflation, not things being reasonably priced. Prices will normalize at the current high levels soon, they'll just move up slightly more gradually. Take all this with a pinch of salt of course.
ChatGPT will be the game changer
How’s the heck this is relevant ?
Political ruling class will increase their control, power and wealth. Sub-$20M net worth will be decimated.
How does the fed increasing interest rates and QT etc affect Americas enemies? Lower demand for chinas exports, lower demand for russias exports. Crushing their currencies potentially at the same time. The American public is just collateral damage.
they make things, they produce raw materials so they can trade each others. Not just Russia or China, India, Indonesia, African countries, EU, they can trade together without US dollars.
So relatively, Americans will get poorer compare to the rest of the world. But since we start at a 10x richer position, getting 2x poorer in 10 years still mean Americans 5x richer. But one possibility is as you said, they can get into bigger troubles and wealthy people around the world will realize that America is still the best. China is a strong force to keep these countries from these troubles.
Guru
You are right rates will settle close to 3% and we will see okish stock market returns.
Great Depression. Charted in 10 year treasury yields below.
How did you predict this. Inflation?
5 waves happen in the direction of the trend. Then abc counter trend move happens. As we see rates falling now. Then another 5 wave up should come since trend is up. After that i am not so sure. If the third 5 waves up happens, then it is a greater fractal of 5 wave advance, which would mean a retreat of rates as seen in 2030s likely causing a bull market. Since then the greater trend is up, we have another 5 wave rise into 2040s. By then economy is probably dead, after printing to rescue every failed bank usd is in death bed.
Continued 4-5% inflation will destroy the working class. As intended.
Nope, they'll just continue to have us fund their endless stimulus, inflation, hardship, whatever checks.
World Conflicts
Yesterday
670
American police seem to work only when Israel is challenged
Pets
Yesterday
856
Cat killed bird
Tech Industry
15h
453
Prestige poll for my offers
Tech Industry
11h
2580
Asians - what are your thoughts on asian female white male ?
India
3h
169
Godi Media: Very little coverage of Prajwal case.
I guess a lot of companies will die out
Yes, of course.