Re:Predicting Next Recession
by thatiscool on Saturday November 23, 2019 @03:49PM
(#21616444)
in your pipe dream.
The RBA has announced QE. China is shutting down banks.
I don't think any sane person doubts that China is going to have a debt crisis btw (it started a while ago), the question is whether they can do what they did in 1997.
But yeah: already started.
However, You can still have downward spiral even in case "everyone is talking/preparing for coming crisis". Imagine this:
- China going finally bust
- honkong peg to dolar broken (financial companies there going bust)
- australia mining slowdown and property market bust
- australia banking woes
Even though there are money on the sidelines, you can have crisis and even more money on the sidelines during few fearful quarters.