Post
Topic
Board Economics
Merits 1 from 1 user
Re: Take shelter, a storm is coming in October.
by
NeuroticFish
on 03/10/2022, 08:07:23 UTC
⭐ Merited by vapourminer (1)
1. You've come with quite a number of topics. While it can be indeed the big picture on the recession that may be about to start, it can attract a lot of trolls, especially on the last point.

2. Indeed, Twitter is full "Credit Suisse is about to fall" and some unsettling news on China too. And the "perfect storm" needs more points to start from. However, while you added the war as an important point, the energy war that's also going on seems to be missing, although it's most probably the main cause for some of the problems listed.

3. The energy war that came after the COVID crisis made the inflation go over the roof. Well, the politicians' actions as answer to those events/threats has created the inflation, but this is where we stand now. BoE is just one of the many that will have to step in and do something while they still can; I don't see it as part of the recession, I see it part of the patching that's going on everywhere in a desperate attempt to prevent what's worse.