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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We didn’t have 30 trillion in debt in 2008. This recession will be without a doubt worse than 2008[/quote]

+100

They are  alsocompletely underestimating the risk for complete collapse of global food supply chains. India is now banning exports because of extreme weather. Weather in India is so hot, that the ground is +60 celsius. Wheat cannot survive that. Rice will be screwed too as germs which make soil fertile will die. Indonesia is stopping palm oil exports, 60% of the world supply. Russia is stealing literal metric tons of grain from Ukraine that are used widely in the middle east and south east Asia. Ports are still a disaster. Fertilizer costs skyrocketing because of Russia. Bank of England already warning about massive double digit inflation, largely driven by food and commodities spikes. There is going to be tons of chaos across the globe soon because of food instability. It will cause social chaos and economies to tank. No one is gonna buy stupid iPhones if you got no food to eat.  But buy the dip! Because stocks only ever go up! [/quote]

You are really predicting a global famine. I guess this is based on your PHD level expertise in food supply chains and agriculture. Lol…nobody is predicting this. They are talking about some localized food insecurity in Asia and the Middle East, which is bad and may cause riots, but nowhere near global famine. This is actually an overall plus for the US economy which is the leading food exporter. We are the Saudi Arabia of food…..of course we will use it to let a few huge corporate farmers get rich as opposed to spreading the benefit in our traditional style.[/quote]

Ahhhh....all those PhDs who told us inflation was transitory, and that globalization is the greatest thing since sliced bread because of pie in the sky, ivory tower theories about comparative advantage.  Ooops. Looks like inflation isn't transitory.  It also didn't take a PhD to have common sense that globalization is the dumbest idea of all time because now no one is self sufficient and we can't even make a car without trying to obtain 200 parts from 40 different countries, and we can't even make medicines for ourselves to save our lives. All those PhDs couldn't factor in common sense stuff like risks of globalization due to war, disease, political instabilities, and human nature. So much for PhDs.

You sound like a creature of the DC swamp. Over educated and over paid to produce nothing except fluff.  A snob for degrees and no common sense.  The risks to food stability are real and are here.  I guess the Bank of England is making stuff up too, right? 
. [/quote]

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