China vs USA: And Oz in the middle.

Discussion in 'Markets & Economies' started by JulieW, Nov 13, 2019.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    Excellent article from the ABC. It forewarns of some big issues Australia will be dealing with in the 2020s. Here's hoping we get some politicians able to cope and lead through some tricky times.

    This is a taster for Dr El-Erian's interview with Elysse Morgan in two parts, on Wednesday and Thursday night on The Business at 9:45pm (AEDT) on ABC News Channel, after the Late News on ABC TV or anytime on iView.

    https://www.abc.net.au/news/2019-11...nfluential-investor-mohamed-el-erian/11700696

    AND:

    Dr El-Erian said time is running out and the global economy is coming to a dangerous "T-junction" — where one road sees governments stepping in with stimulus and the other leads to recession.

    "If that hand-off [from central banks to politicians] doesn't happen, then it is recession, financial instability and an even more complicated political set-up — that is where we are heading," he warned.

    "We are getting closer and closer, and the longer the policy hand-off is delayed, the more the probabilities shift in favour of the bad outcome.

    "I have it at 60/40 chance — 60 that we'll end up at the bad outcome, 40 that we end at the good outcome."

    He does not put the chance of a major economic and market fallout any higher because, for now, he believes that politicians will start to listen to the pleading from central bankers.​
     
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  2. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Yea, I feel there are going to be some interesting fiscal responses in the next 12-18 months.

    The right will want to give cash/tax breaks to top/business, and the left to the bottom /workers.

    We know the former has been relatively ineffective ( even counterproductive) , but how the later is handled could make for some interesting results......
     
  3. openeyes

    openeyes Well-Known Member Silver Stacker

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    When was the last time the country vote for one of those?

    Have we even had such candidates?
     
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  4. JulieW

    JulieW Well-Known Member Silver Stacker

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    A couple last century?
     
  5. Jason1

    Jason1 Active Member

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    the yanks and the chinese, those two idiot countries dont give two shits about any one but them selves. they are like two children in the play ground throwing stones at each other from a far, they are both an embarrassment
     
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  6. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    How low can they go?!... this is just FAKE NEWS!
     
  7. heartastack

    heartastack Active Member

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    Thankfully no embarrassments or ‘BBQ - stoppers’ back home on the global stage, phew!

    https://www.theguardian.com/global/...-brings-a-chunk-of-coal-into-parliament-video

     
  8. Jason1

    Jason1 Active Member

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    Yer all those wars and world tensions Australia has started as result of that, sent the world in to utter chaos.lol
    Oh wait no it didnt, not even sure of the relevance of that comparison.

    this trade war shit is a joke and its two countries pulling their dicks out and wagging it around trying to show who has the biggest dickhead in charge.
    Except its not funny now, they are effecting other countries who just want to get on with life.
     
    Last edited: Nov 14, 2019
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    So simple, just choose the winning side. It's obvious isn't it?
     
  10. alor

    alor Well-Known Member Silver Stacker

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