The Next Downturn

[fancyshirtman]

When do you guys believe there will be another economic downturn and how severe it will be?

How can Austrians predict this?

and has what been the roll of gov “stimulus” to the economy?

thanks~

[DanielMuffinburg]

Eventually and bad.

[fancyshirtman]

care to elaborate?

[billott1]

You are of course assuming that there is an “UPTURN” in the economy. That is very debatable. For example: Large banks prefer to keep excess reserves at 0.25% interest at the Federal Reserve over lending this money EVEN to the Federal Government itself. But assuming there is then there is no formula or model that can access all the variables involved in the economy. There is no way to predict which industries will experience the bubble if and when it happens much less time the bubble.

[Smiling_Dave]

@fancyshirtman

When do you guys believe there will be another economic downturn and how severe it will be?

I agree with “eventually and bad”.

How can Austrians predict this?

Austrians see the govt as a giant vampire that sucks out the blood of the country. As this site explains convincingly in various places in great detail, every penny spent by the govt is a penny taken away from you one way or another, with nothing in return.

So we will let you play Doctor and tell us your prediction. What will happen to a patient whose blood is being sucked out of him in ever increasing quantity?

How can you predict this?

and has what been the roll of gov “stimulus” to the economy?

Its role is the vampire sucking a gallon of blood from the heart of the victim and reinserting some of it into the silicon boobs.

thanks~