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https://theconversation.com/global-recession-looks-likely-even-if-australia-escapes-it-we-are-in-for-a-bad-couple-of-years-192572>
"Economics is confusing at the best of times. But, at the moment, it’s
downright counter-intuitive.
Inflation is at its highest in decades, and we’re feeling the pain of the lower
real wages that brings. Meanwhile, unemployment is its lowest in half a
century, with virtually anyone who wants a job able to get one.
Interest rates are climbing sharply. Home prices are sliding, yet rents are
taking off. The United Kingdom is on the brink of financial crisis. Talk of a
global recession is everywhere.
Even if you don’t much mind what’s happening (you mightn’t be much affected or
you might in fact be benefiting in some way), you’re likely finding it hard to
come to grips with it all. Certainly, our policymakers are."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
