Sunday, November 17, 2019

Things people might not be considering regarding potential recession

The first thing not considered enough is just how serious the Great Recession was upon all economies on earth. The fundamentals were much much more serious than the Great Depression and luckily we had someone in the Fed who had studied the Great Depression to help us through that. Enough people high enough in government had studied the Great Depression so we actually made it through that one with minimal damage to our world economies.

However, The Trade war that Trump Started has not been factored in by most people. The real long term damage done to the Chinese Economy by Putin through Trump has not been factored into most people's idea of what is going on, simply because most of the financial world doesn't actually live in China to actually see the damage that has been done there by the trade war first hand.

So, there are all these (relatively unknown factors) by most of the world that have NOT been factored into how people view all these things. Most people view only what is happening in their own economy and mostly only locally within 100 to 500 miles of where they live here on earth.

No comments: