Do you think that the world is in the grip of another financial meltdown?
With negative interest rates in Japan and economy slowing in China.
Negative interest rates aren't technically bad. The interest rates are 0.4% underneath inflation rates. USA interest rates are 0.2% beneath inflation. Germany is 0.4%, Canada 1.1%.
The China part, you are alright about that. The Chinese economic progress is slowing down, but I don't honestly think that'll lead to a global financial meltdown.
http://www.telegraph.co.uk/finance/econ … htens.html
This is the true problem here. The USA debt crisis, which seems to be growing despite all the government control that attempts to quench the flames.
In a sense, the USA acts like the kind-of Ottoman Empire back in the 19th century. All the other superpowers have their eyes glued on the USA and the dollar, trying to figure out whether it'll be able to heal itself or if not, when it will go down.
I honestly hope the USA will find a permanent solution to this issue, a major financial meltdown could possibly de-stabilize the whole world and ruin all the magnificent progress we've made in economics over the past two-and-a-half decades (even when you count with 2008-2009, world poverty rates were halved).
I think the 2007-2008 financial collapse never ended, but the recovery was false due to really low interest rates and other maneuvers to make it look better than it really was.
Now they can't keep printing money, so assets are devaluing again.
by Don W4 years ago
In many of the threads in the politics forum, the government seems to be the target for a lot of people's frustration. Why isn't the focus on the corporations that have steadily usurped influence away from ordinary...
by Charles5 years ago
What timescale for real financial collapse?The 2008 financial crisis was in some ways the diagnosis of an illness. However, apart from printing off more money and borrowing more, no real solutions have been found....
by John Wilson18 months ago
Will our civilization survive Central Banks historically low interest rates?With Central Banks forcing interest rates below O%, will our financial system survive?European banks are actually charging customers to store...
by Castlepaloma7 years ago
Most predominate religious countries are more war like, yet Religions claim they have the higher moral grounds. USA has 5% of the world population in which is 85% Religious and they have 50% of the world’s military...
by Arvind Babajee15 months ago
How are Inflation, recession, and high interest rates are characterized in economics events?
by Susan Reid6 years ago
So Nasdaq and the Dow Jones Industrial Average both hit new records today, based on stronger than expected employment news.The sky is obviously falling, the economy still s#ks.And of course it's all Obama's...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.