Goldman Sachs is saying the economy is nearly recession-proof
cnbc.com
cnbc.com
https://en.wikipedia.org/wiki/Peace_for_our_time
That was too easy! :)
(My understanding is that although the quote appears to be naive, Britain started preparing for war in a serious manner. The USA also started their build-up at least a year before Pearl Harbor.
Look up what people like Ray Dalio are saying. He says that US entitlements are intractable, global debt is at historic levels that look like 1937, and in one interview he even seemed to imply that he status of the dollar was in question and there could be a global depression and war. He says we are in the giant slump portion of the long term debt cycle.
Direct quote from the article:
“Overall, the changes underlying the Great Moderation appear intact, and we see the economy as structurally less recession-prone today,” Goldman economists Jan Hatzius and David Mericle wrote. “While new risks could emerge, none of the main sources of recent recessions — oil shocks, inflationary overheating, and financial imbalances — seem too concerning for now. As a result, the prospects for a soft landing look better than widely thought.”
They are just refuting the recession hysteria that has been popping up a lot recently, not in anyway stating they believe a recession cant happen.
This will end well.
If anything, the economy is far more fragile now than it was even 15 years ago, before the 'great recession'.
What hubris.
Brace for impact.
Also China just loosened their bank reserve buffers.