Post
Topic
Board Economics
Re: Global financial crisis
by
jamids
on 25/10/2018, 04:53:33 UTC
I'm expecting a new crisis to arise in the next 4-6 years, i think what's happening in the loan and reposition industry creates a pathological state.
Banks are still feeling too safe for what they're doing, their mistakes will sooner or later bring on a decline.
Also considering austrian cycle theory, i'd say we're in the boom. Soon gold and solid cryptos might be the go-to when it comes to keeping your money safe.

How long do you guys think we have until we face the next crisis?

If you are living in a first world country and do not feel the financial crisis yet then good for you but when it comes to the developing countries, the financial crisis can already be experienced like the increase of prices in goods and services. The basic commodities has increase in price and then the salary is still the same that's why people have been suffering. It may not be felt by those people who has money but for those who has enough before, it is not enough now and much more to those who has less enough before and they are barely able to eat three times a day.