When Central Bankers Tell You There Is No Need To Panic, It's Time To Take Action - Episode 1297a

in #economy7 years ago

The US unemployment is now below the average recession numbers. Virtually every time the unemployment numbers reach the lowest point the US went into a recession or depression. 93% of the jobs that were created since 2008 was done so through the birth/death rate model . More retailers are going bankrupt. Hiring is beginning to decline in San Francisco. Sales of luxury homes are declining. The central banks are now holding a 3rd of the global assets. When the central bankers say do not panic it is time to take action.

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Yes always the opposite

They just have to deny it 3 times, to confirm it :D

Pretty sure Bernanke was still saying "don't panic" as the housing bubble was popping around 10 years ago. How long can an economic slowdown be "transitory", before it is seen for what it is? We're dangerously close to the next economic downturn, and it's going to be much worse than the Great Recession.

Love your work Dave, from a fellow YouTuber!

I've been following you for about 3 years now Dave and you always manage to enlighten me further. Much appreciate your commitment to the cause.

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Love your work Dave. I have been listening to you on you tube for a couple of years now. Glad you are on Steemit and will follow you here now.