RE: Are we really heading for a global economic crisis?
hmmm...
its stagflation not stanflation... you wrote stanflation...
it practically means there will be layoffs, and people with low pay but prices of goods are going up...
Inflation is good also... it happens when the economy is doing well... like more jobs and people earning so there is money to buy stuff... that is demand is pushed up so with their spending power increased its inflation.
Inflation that has come about here, is different coz its not because of that economic growth, where average man earns more money, economy is doing well like jobs and services, production, manufacturing, constructions...real estate ...
this inflation is only because of cheap credit, that had people and institutions borrow loads of money to prop up asset markets...but otherwise, business is not booming a tall...its dull!!
Yeah we might be at a beginning stages of economic recession and I am already out): ...its hard man!!
Take care!!
Thank you friend for the correction, I had not noticed that mistake.
Well, yes, it is an inflation that is above the growth of people's income, which is making life more and more expensive. But in spite of that, we have to keep working very hard, although smarter than hard.
Also take care of yourself, and may your investments go very well.