Are we heading for a global recession? - BBC Newsnight

[@danielholland9666]

I get tired of the governments pretending things are goo because of low unemployment. You can have 3 jobs and never afford a house.

[@CloudTribe]

I literally work 2 jobs 7 days of week right now. Only way I'd crack 50k a year is if I kept this up for the whole year.

[@CloudTribe]

@@geneclark3600 I have a BA in business, which is useless if you've never managed a business cause no one will let you be in charge without experience. I'm starting my own business and have considered going to school for something else but at 25 I don't really feel like doing another 2-4 years of school without guarantees.

[@saintm70]

@@geneclark3600 You sound like a smart guy. Good for you.

[@beautanner8409]

@@geneclark3600 Your suggestion might work in some markets, but not all. I live in Vancouver, where you could be an engineer or a lawyer, and not be able to afford a house. If somehow you are a buyer here, you'll likely be a foreign millionaire (usually from China) who's trying to smuggle their money into our property for whatever reason. Hardworking locals (even professionals) cannot compete with that.

[@theconversation9103]

@@geneclark3600 Great advice - can all 7.7 billion of us live in prosperity and own a house if we all make 'smarter choices'. Is that how it works?

[@marmiteman2196]

Haven’t even got over the last recession.

[@littlsuprstr]

that's the point. the wealthy entrenched their positions and purchased cheap assets in the last recession. average people continue to lose ground.

[@saintm70]

@@littlsuprstr I agree.

[@ramblr78]

Yes

[@TrotskysBeard1917]

Negative interest rates and more quantitative easing are only going to transfer wealth upwards even faster. As long as they can carry on calling it growth the government won’t give a shit about the rest of us. Unless the pitchforks come out then any level of public spending seems magically possible.

[@MrMustangMan]

same.......

[@jillianhorsley5985]

Rubbish, we are headed for a Depression.

[@SportsParlaysNCrypto]

Why no one is talking about its a depression coming at the end of next year. Not a recession

[@firefox5926]

.. hey at least if its trump he will be able to market it as "great" and "big" and a "fantastic" depression... also it was the great depression in the usa in the empire we called it the slump :P

[@westerjester5066]

Good lets get tough.

[@tankatim13]

We are already in a depression since 2008. We are growing too slowly to get back the loss of the GFC so the gap is growing. The nations that didn’t have a recession in 2008 e.g. Australia will have a bigger recession this time unless they burrow my money or print. To get out of a recession reserve banks cut interest rates but what happens if the interest rate is already at 1%. Banks and private money needs to be invested in physical businesses and R&D. But banks still taking there money too investments like before GFC

[@lukepatto4366]

Stagnation for sure

[@zioslayerbear8592]

Recession ??? This time it will be depression !

[@SportsParlaysNCrypto]

Thank you. Its a depression. Not a recession

[@m.morininvestor9920]

@@SportsParlaysNCrypto yes I agree a global depression.

[@clintonmacdougall679]

I agree also

[@stevepowsinger733]

They do seem to only worry about a recession when the danger is more catastrophic. The pilots are worried about smoke in the cabin rather the engine on fire.

[@eagleartillery1361]

Normalcy bias will kill us.

[@genekite6631]

If the federal budget cut our outrages military expenditure just 25 percent and spent half of that on infrastructure we would be otay spanky.

[@earthman6700]

The US administration should take their warships out of the Gulf of Persia before it becomes a Gulf of Tonkin. Go police the Amazon please. As for Iran please see on KZbin Jon Snow Time to rethink Iran

[@bobbyt9431]

You don't want another federally funded interstate bridge to collapse? Where's the fun in that, more bombs equals more peace.

[@dondressel4802]

Earth Man the assholes running the US want another war to keep the economy running and keep our psychotic leaders in power and rich

[@aidsandfire]

They reboot this series every 10-20 years... not excited for the remake

[@m.morininvestor9920]

Every 8 years in average.

[@Telfund38154172]

When people are starting to get a better life...the economist or whoever it is will want to blow it all away so people lose their homes and they all can start to zero...All the banks will do is look and take it all back...then resell it all again....the cycle continues...the 70' the 80's the 90's then 2008 last recession then it took a longer time this time but it will happen again.....When you lose your job you can't pay the mortgage...that is how the system works....sad but lots of people were victimized that way....there is no such thing as security anymore....

[@bobbyt9431]

@@Telfund38154172 That's just the short cycle on top of the bigger cycle they have created, just look at 'A History of World Debt'. We're approaching another global depression and it looks like several European nations are already there. The sad thing is this has all been created by "the progressives" and their agenda is to completely destroy the capitalist system - this might just be the disaster that reverts the world back to full oligarchical and autocratic rule now that the masses have been brainwashed in the state ran education camps.

[@paulsmith1981]

The debt crisis of 2008 was never addressed, it was just papered over with money printing and even more borrowing. Global debt to GDP stands at 350%. The zombie Italian banking system is like a primed nuclear bomb waiting to go off under the euro.

[@jameswhiteley6843]

You mean the Jewish system?

[@DimensionsofChange]

It’s been over 10 years since the 08 recession. We’re overdue.

[@nunyadambusiness3530]

So is Australia, they went 20 years without a recession.

[@John_Smith100]

@@nunyadambusiness3530 30 year housing boom which is rolling over. Good. Fu*k this insane housing speculation.

[@kebabtank]

'Are we heading for a recession? If you're undecided this scary music might help you make your choice.

[@clackerlover]

Hahahahaha

[@DannyTillotson]

Lol you're not wrong! 🤣🤣

[@SeaJay_Oceans]

cheesy music.

[@robk9330]

The last recession was caused by too much debt. Well, the debt is a hell of a lot more today than it was 11 years ago and this guy wants to add even more debt to that with more stimulus!

[@tmd1698]

Well, here we are. 💁🏻‍♂️

[@Karyabs]

Humanity wants infinity growth on a finite planet. Or are we being lied to?

[@SeaJay_Oceans]

MARS : Free Real Estate.

[@josecarlos11]

Some people: 'we aren't in a recession' Recession: 'hold my beer, I'm about to end their entire careers'

[@ChaoticMartian]

2020 be like: -January, almost WW3 -February, Fires that destroyed the worlds largest global forests -March, Global plague -April, total economic collapse -may, idk what can fucking go wrong next?

[@j2174]

0:35 Someone from the graphics department needs to be fired.

[@DannyTillotson]

Lol right! Half of Canada made red as well as the US 🤣

[@SeaJay_Oceans]

They play Bethesda's FALLOUT -- and assume USA will annex Canada, and then purchase Greenland.

[@googleuser9850]

0:38 WHAT THE FUCK IS THAT MAP OF THE US?????!!

[@01argy]

In the next months, we are going to face the worst slowdown since the crisis in 2008. The Coronavirus came unexpectedly, changing all the life rhythms around the world, that includes economy and politics. We're observing how the international potences are being affected and have difficult times for their population. On the other hand, countries have to support each other regard all this situation, to face all this coming economic crisis.

[@lobonegro1567]

This could work out... very nice... very nice☺

[@scardes1]

It's going to be worse than you think. I am an expert on the 2008 recession that we never recovered from and with covid now means this depression is going to be bad. We need to store food and move to the countryside if possible. I am currently moving to the countryside.

[@Anskurshaikh]

1920s : The Great Depression followed by World Wars 2020s : ???

[@creativepower213]

Why do we need stimulus if the economy is strong. These economists are smoking some strong stuff. Asset prices have moved way over intrinsic value and have to correct. That is healthy.

[@amjidali588]

The governments are printing money ... the US stock market has been in a bull run for 10 years, it’s all bollox

[@willyhill7509]

If people keep talking about it, yes, having said that though it won't be global, mainly "Western" , China and India will be affected but they won't go into recession.

[@dixonpinfold2582]

Quite all that needs to be said. Thank you.

[@Stoic-ds4so]

2020: Coronavirus . . .

[@PMMagro]

Good times are not permanent but bad times also past...

[@ClarksonsinUSA]

Not if the population keeps falling!!

[@mrhegetsit4890]

0:35 Half of Canada considered part of the United States..?

[@clockwork365]

Clearly

[@knowledgeiskey1319]

😂

[@remlatzargonix1329]

Patrick Fraser.......what?

[@conceptualme]

@@remlatzargonix1329 did you bother watching the timestamp before asking...? The graphic in the video talks about the U.S. while highlighting half of Canada along with it.

[@dixonpinfold2582]

@Russell g Are you?

[@TNTsundar]

Am I the only one who thinks that humanity is at it’s pinnacle and there’s no room for economic improvement?

[@stoneyard100]

They'll extend and pretend as long as possible, at the expense of the majority. What we need is to take back control from the kelptocrats, revolt and install a gov for the people for the people. Our current political system has failed us

[@UniDeathRaven]

too many humans on one planet.

[@HeavyK.]

The ridiculous impossible fact here is this. The world economy has never been better. World Poverty has never been lower. There have never been more people that can read. There have never been more people that are free.

[@sjr7822]

Market corrects about every 7 years, we are overdue the global economy was in a slow down before Trump's tariffs

[@consciouscrypto3090]

Yes, just brought it forward and caused more people to be more vulnerable when it hits.

[@cyberblock7619]

This bubbles been building since 1913 and escalated in 1971

[@SeaJay_Oceans]

Planet-wide extinction events correct every 20 or 30 thousand years... :-( China Virus has entered (ended?) the global economy.

[@jeffbezos5632]

Nobody can afford a house anymore, sounds like recession.

[@westerjester5066]

Houses cant afford to be houses anymore. They downgrading to GMO's? One room in a house becomes a house. All share the kitchen and bathroom. Strangers living together, familes with convicts.

[@ThePixey1000]

People in the poorer classes in the UK have been watching this recession creeping towards us for the last two maybe three years why are the Elite and BBC always the last to realize or know this. Oh yeah they are too wrapped up in corruption they think it wont touch them. Lets hope it hits them as hard as the people they have been squeezing dry for years.

[@ThePixey1000]

@Ford Prefect I do not pay it. Reason being I was brought up that a crime is a crime and the BBC aided paedophiles for decades and never once handed them over to the police. Criminals the whole corporation they knew what was happening and aloud it to carry on they are just as bad as the offenders them selves. Criminal no better than the Mafia in the 50's crooks. You may say that I am breaking the law but my defence is close the BBC down let the government sieze all its assets and I am more than willing to pay the next HONEST media corporation for their legitimate services but I am not paying the BBC they are just SEX offenders.

[@MrMustangMan]

5:38..... how is India and Kashmir Trump's fault.?????

[@gordokdestroyerofworlds3480]

It's not.. they're just juicing it with their communist agenda 'orange man bad' because this has NOTHING to do with the black guy that was in there for 8 years lmao

[@SeaJay_Oceans]

ORANGE MAN BAD is a brain virus that infects leftists, and leads to a terminal case of Socialist-Communist-Globalism. The only known cure is FREEDOM & LIBERTY !

[@susanduplan8702]

Hello. How come half of Canada is considered the USA. Who put that map together???? Makes you wonder what else is wrong with this report.

[@thedogsdiddies8421]

The BBC don't like facts to get in the way of serious reporting!!! Nice to see the BBC TV Licence fee being put to good use in providing quality content for the world to enjoy!!

[@dixonpinfold2582]

More than half of Canada. This report had numerous serious defects and has been useful mainly for the fun of ripping it apart. Cheers.

[@zourdiesel8579]

I got Tamales 4 sale Oregon 👌

[@pandora8478]

Brexit will help us avoid this (sarcastic comment btw).

[@earthman6700]

It helps drive it.

[@abcun17]

Things seemed to be humming along before the 1929 stock market crash and Great Recession as well...and we all now how that turned out...

[@johnd4348]

So were is a person suppose to put their money for retirement. Seems like everyplace is a risk or pays nothing.

[@Helen_590]

I have adopted a minimalist life style. I'd rather limit myself now before the storm,rather than be forced to let go of things. People get rid of your debt, if you need to discharge it do it , if you need to go into bankruptcy, close your eyes a bite the bullet.

[@martinmowbray6448]

Try to repay all your debts while you can.

[@justrandom8766]

Best plan and i'm doing that. None of my money will stay in the bank.

[@rinnin]

Gets 11 seconds to talk about the most critical challenge of humanity: the existential threat of the climate crisis - then gets cut off. We're f**ked!

[@spacered949]

@BBC Newsnight How is Economic/Trade policy uncertainty (1:42) measured?

[@tomhilditch2328]

No mention of quantitive easing?

[@parrmik]

The graphics look like an atari video game , circa 1988. The female expert looks like a character from that game !

[@USARMYvietnamVET1969]

As a conservative American Citizen I'm well prepared for what ever comes, it's happened before and will happen again... always hope for the best but prepare for the worst.

[@motorradleder]

Hope for the best but prepare for the worst means stop spending and save as much money as possible for a rainy day. Do you have a year's take home pay in the bank ready for the next layoff? Have you also saved cash for a major repair, like a new roof? Do you also have savings to buy your next used car when your car dies? Will you ever be able to retire? The answer to those questions from most Americans is no. It is time to adjust the rate at which we consume everything. We don't need most things on which we waste our money. Conserve - turn the heat down to 50. Live in tiny houses. Don't work so damn hard. Enjoy the experiences of life, not the material posessions. You can be happy with nothing !

[@USARMYvietnamVET1969]

motorradleder - A detailed and accurate reply, my parents instilled those values in me when I was growing up.

[@AgentSmith911]

I'm 33 years old, I work a full time job, but I most likely have to sell my car soon and take the bus even though I dislike it. Why? Because I live at home with my parents and have a dream to get my own home one day. But the fact is that even though my parents are also working full time, both in their late 60s, all three of us struggle to live a "Western" and modern lifestyle. We don't waste our money, but there's no way a man can provide for his family alone like back in the 1950s. Now everyone have to work their ass off and soon we might even have to go back to child labor lol... The super rich billionaires are doing fine however. They have made money on the stock market rise while regular people are losing money if they want to save money in the bank. Blaming Brexit and China isn't gonna cut it. This is a permanent and unavoidable slide towards a depression making the 1930s look like heaven.

[@alana1670]

Ben Chu @ 0.40: " and this week the 2 year market borrowing rate for both the US and the UK fell below the respective 10 year rates for the first time since the financial crisis a decade ago." Er.... no. The exact opposite happened. The 2 year rate went higher than the 10 year rate thus inverting the yield curve. I hate being 'informed' by someone who has no idea what they are talking about. This was a scripted piece so not mere misspeaking. From an economics editor!! No wonder levels of financial literacy are so low when those explaining economics get it wrong.

[@penguin0101]

Alan A totally, confused me for a sec when he blabbered it

[@ome69]

Hands up if your local area still has not recovered from the last recession? Or if news reports of the economy recovering and families having more surplus funds were a stark difference from the reality you could see and feel too. Londoners need not reply!

[@andynewzealand]

Yes. No doubt.

[@dangiscongrataway2365]

He is right, world wide inequality is too high, this has tremendous negative impact on aggregated demand which hurts economic growth. Obviously by definition this is a slowdown and on a brink of recession

[@hereb4theend]

How convenient for the kowid 18+1 to come along at the right time.

[@wolfpac550]

America still haven’t completely recovered from the last recession and taxes are going up and wages not reflecting that. We are in huge trouble if the people can’t make enough money to buy products what you think will happen when it all comes down.

[@markman63]

Almost a year later and we are still doing fine

[@ferral1972]

Americans just don't seem to care about the rising debt levels. Interest on borrowings already over 100% of GDP and they just want everyone to borrow more. Kick that can down the road for another 5 to 10 years and the impact will be greater for us still trying to build wealth in such an environment.

[@steppib.4598]

Global -war, -recession, -crisis, -warming, -terrorism, etc!!! Maybe we need less global and more local!!!! 😑 If we can't solve the local problems, how could anyone think we could handle the global problems!?! 🙅🙅

[@mscorrell]

AUD has dropped 8% in last 24 hours against USD.

[@gregmiller4387]

Yes we are always heading for a recession it's like asking are we dying the answer is always yes.It's looks like there will be a recession soon and if it coincidences with a Brexit recession there is a good chance of it forcing us into a depression.People don't like it when you use the "D" word so you won't hear that much but it is an unmentioned worry for people who watch the economy.

[@twat240]

Especially with the China trade war. And since we and the US will be literally unable to recover from a recession at all. We're heading for a depression unless there's a miracle.

[@frenchmanntube]

Of course, who would have guessed the BBC would blame it on Trump.

[@scamwitness6594]

I just need to clear up one thing:- when interest rates on Government Bonds go low - does that mean it is the measurement of how much of its debt it was able to pay off? Iam sorry if I sound very stupid but I am not versed in this area - thanks guys and hope someone takes a moment to explain this.

[@uvatham]

What is growth , building concrete forest & damaging the Nature.

[@gabrielw7773]

When Joseph Stiglitz says "Well Germany's poised to go into recession and that will weaken all of Europe and that the United States is not likely to go into a recession" This comment kind of reminds me of 2007 when they said that the subprime market is only a small part of the economy and that it wouldn't affect our economy that much. Subprime only came close to starting the next Great Depression and would have. How can you say that if all of Europe is going to be affected it's not going to cause our economy to go into recession? It will cause our economy to go into recession too if all of Europe is going to be affected by Germany because everything is Global.

[@Bloodslunt]

Not sure what the floating globe added to the video, apart from forcing the guy to stare into empty space and make awkward hand gestures.....

[@rasputinswalloper475]

He was throwing shade at flat-earthers.

[@tracymcginty.2860]

No deal Brexit will cause mayhem for a while

[@richardmadden8742]

Good!

[@stevepowsinger733]

Sorry, I have read some of Stieglitz and he doesn’t impress me, Nobel prize or whatever. Yea, negative interest rates encourage business investment - but why would anyone lend at negative rates? It will be a bank crisis.

[@bilgyno1]

Economy is in need of a major stimulus... How about the much needed major investment in the transition to a carbon free economy?

[@robk9330]

Nobel peace prize winner my ass. Promoting more stimulus (more money printing) will only make consumer goods prices go up considerably and eventually cause hyperinflation like Venezuela. The USA and Europe could become like Venezuela. It is totally possible.

[@Pathofplenty]

They need to get social crediting in and to move us onto a slightly different monetary system. A recession is basically the banks cashing up.

[@yggdrasil9039]

Let's not mention the 125 Trillion in US debt.

[@Kerem.K61]

Is this real??

[@Andrew-3445]

@@Kerem.K61 Unfunded liabilities of $125 trillion is right.

[@Kerem.K61]

@@Andrew-3445 ok thx

[@geneclark3600]

Idfk about the rest of you, but America is doing just fine.

[@geneclark3600]

@HardWarUK LOL, a little dip in the stock market and everyone freaks out. BTW, are you in the UK? Because if you are....fix your own backyard first maybe?

[@AST4EVER]

No.... We are heading for a WESTERN MARKET CRASH. 4:43 First so called economist to be saying this shit 😂😂 5:08 is he on American payroll..??

[@justadam1917]

It is still going to happen but it still hasn't happened yet

[@GunCatPowMeow]

of course.. the bbc blames trump.. errr.. how abou to get someone who knows how to talk about fundamentals?

[@John_Smith100]

ORANGE MAN BAD

[@ktcool4660]

@@John_Smith100 ORANGE FAN MAD

[@John_Smith100]

@@ktcool4660 🤣 good one

[@johnathanpearson3203]

No. We are heading for WTO no deal greatness. The word is WINNING 🇬🇧

[@matthewbrooker]

Don't underestimate the power of a nation state to depreciate it's way out of hard times! Not something Italy can do anymore thanks to the German hegemony that is the €€€!

[@Beliefish]

the only thing that materes is, that people voted for Trump and that people voted for brexit. in we have a recession people will not have the right to blame bankers, politicions or kapitalism, they will have to blame themself. this recession will be democraticly voted for

[@Beliefish]

@James McD everything was quite fine till the start of the trade war. brexit is just a cherry on top. both voted for... recession would eventually start, but it helps if you trigger it. like Lehman brothers...

[@John_Smith100]

@@BeliefishWRONG. Recessions are cyclical (amongst other factors) due to credit being made available, then withdrawn. Whatever is left of the United Kingdom will come out of Brexit stronger once EU shackles are removed. EU is a failed project but do carry on remoaning.

[@Beliefish]

@@John_Smith100 im not remoaning. im from slovenia...

[@SiVlog1989]

Part of the problem is that although employment figures suggest a record number in work. What is less frequently mentioned by politicians is the fact that by no means are those in employment satisfied with the job they have. Many of them feeling underemployed, the so called living wage is not a true statement. Nobody can even hope to live on the living wages that are around at the moment

[@kimwarburton8490]

0-hr contracts also

[@SiVlog1989]

@@kimwarburton8490 exactly

[@stefanushadi4124]

Economic slowdown/turndown is very dangerous !

[@chrislambert1617]

In Science lessons I was told that matter begins at -273.15 that is 0 degrees Kelvin, not 0 degree Celsius perhaps they will begin Bank lending interest rates at -274.15 or 0 degrees Kelvin

[@martinmowbray6448]

Every one is talking about “global” recession. Not in Thailand were I’m currently living. The economy is booming.

[@Nexgeninfi]

If the country's economic deals/trades shifts toward China.

[@imayjustsay]

I don't care about the Recession, Brexit will sort our our problems

[@truth.speaker]

Simple solution to win: Grab a part time job on the side and stuff that info into a separate bank account and start looking at which companies you would like to own a part of. Then just wait for a big recession. When the stock price crashes and people are selling off for pennies, buy as much as you can. Thank me when prices return to where they are today If you're not the investor type, how would you feel if you had saved up a little? If there's not any recession soon, you'd be happy to be wrong. You'd have thousands in the bank. It's good to be wrong and have thousands saved up. Buy yourself a house. That's your deposit

[@swapnaneelnandy5617]

YES!

[@Derpaherpa123]

Infrastructure investments seems to be the option here

[@dianaascencio1717]

"The calm before the storm" - Trump

[@laser31415]

Borrow at negative interest rates? Where can I get That deal?

[@ЯрославКовальчук-и9ь]

Yes, they didn't explain it properly: those were 10 years rates - 2 year (inverted interest curve )

[@John_Smith100]

Denmark. YOUR HOME IS AT RISK IF YOU DO NOT FIND ANOTHER FOOL TO PAY MORE FOR IT THAN YOU.

[@pedrolopes3542]

the answer is: YES. (and I haven't even watch the video yet) China's cooling off economy + US tariffs + brexit + Germany's new normal of low growth caused by demographics+ South America's cyclical recession + Australia real estate bubble bursting + Italy's debt bomb and subsequent recession ... all of this combined will lead to a global recession for sure, even if it is not as serious as the last crisis 2007-2012

[@-eurosplitsofficalclanchan6057]

China are building homes with no residents, Germany is building cars with no passengers and this is stockpiling around the world.

[@xx3868]

4 important places have high debt both govt and personal which is more critical. Aust, US, China, Europe and int rates are mostly zero indicating no more spending. In aust, we had a massive housing boom where we bidded against endless chinese bids and left Australians broke with houses that will soon devalue and then default back to the banks as happened after in the US and mathematically after any decent boom. The IMF has warned aust its in serious trouble and rates are going down almost monthly here. The govt has taken action to have cash withdrawal limits to try and hold cash in the banks if we go neg, thus a bail in may be needed to save the banks as our their housing debt exposure is way higher than the US in 2008, and they got hammered. What about here? Besides a 12 year since the last start of last crash, so its due anyway- overdue really plus all the terrible numbers now and US bond yield curve inversion then means just months till crash. and we are there pretty well now. Also efficiency and AI is taking away full time jobs and that will accelerate soonish as trucks drivers and even some labour jobs simply dissapear. The smart jobs that were predicted around 1980+ are finally arriving as computers took off then buy AI wasnt invented and was difficult to get right with low powered computing. NOW thats all changed and tomorrow is going to be a diff labour market with some haveing jobs and the rest not as we are slowly seeing everywhere. Now enough work and insane house prices and flat economies. all contradictions, but there it is and result? Correction in a big way, maybe 3 times as bad as the 2008 GFC. Thats the data talking and you can wish for it not to happen, but it WILL if it has to. Just as surely as a massive rock will hit the earth again as it did 65 million years ago and gave rise to mammals and apes then humans and here we are until the next hits then the next species takes over. Enjoy the good times while you we have them nothing lasts forever....

[@ML6103]

The wording just makes me shake my head. Donald trump is specifically mentioned. China is not held accountable as much, and let’s not forget it takes two to tango.

[@rolsson1693]

Taking advice from a former Clinton gov adviser and Democratic supporter - Joseph Stiglitz. Who spend a couple decades getting us into this mess. Way to go BBC.

[@minlancai4974]

what does the interviewee mean about the fundamental weakness of US

[@nnthegiver2140]

What is Brexit?

[@earthman6700]

It's a badly considered ill-thought out Tory Party pet project to placate the hard-line anti-EU Party members. Biased and targeted media coverage and campaigns resulted in a marginal win to the Leave EU side (52%) three years ago, in an Advisory Referendum. Leaving the EU is seen by those that favour it as either a Patriotic ideal based on old England or a benefit for Politicians released from regulatory control by EU standards and Laws. That the UK helped create. Leaving the EU has benefits for the highly wealthy as the EU is fighting Tax evasion and avoidance. A recession will enable billionaires to buy up Stocks, property, businesses at devalued prices. Other merits of brexit? Hard to find despite three years looking. Downside of brexit? War? Sanctions? (GFA), Project fear such as devalued £, lack of preparation and a lack of adequate taxpayers money being funded into infrastructure, process change, legal, etc. Government reports of such forseen problems dismissed by those driving it. Interest rates will rise, inflation will rise, property will devalue, people will have negative equity mortgages. The NHS will probably be changed to Insurance funded. No insurance then no healthcare. No EU Human rights to protect citizens from the Home Secretary. No prove of any of the claims made for its future benefits. Etc, etc. Brexit is a three legged lame at birth donkey wrapped in high explosives! You can't be sure which will go bang first and what that will break. Being mangy it still looks a little cute in photos but you wouldn't want to bring it home. Beware the Law of unintended consequences.

[@nthperson]

Developed country economies are driven by property market cycles that last an average of 18-21 years. Homer Hoyt showed this decades ago examining property market cycles in the City of Chicago. Other economists have confirmed Hoyt's findings as having general application. The last property market crash occurred in 2008. Thus, in the U.S. we are at mid-cycle. However, thanks to the action of the Federal Reserve to re-ignite property prices by pushing mortgage interest rates to historic lows, the cycle may reach its zenith well before the 18th year arrives. One gauge is to examine residential property appraisals across the nation. In those markets where the median land-to-total value ratio exceeds 35 percent, those markets are at risk because of the lag of increases in household income and household savings. When mortgage loan investors see significant increases in the number of borrowers who are contributing less than 5 percent cash as a down payment and when liberalizing of creditworthiness criteria is required to maintain transaction volumes, these are clear indication that markets are over-stressed and a correction is on the horizon.

[@IvankaB-ft6hd]

Climate crisis? Really? Financial crisis yes, climate warming I don't think so.

[@alexdidsomething9306]

That lady called it

[@rubinturner8233]

I think if countries can be moved into recessions that easily, they need to conceive new systems that have much stronger foundations that address direct methodology to how it could withstand an economy entrenched between others in adjacent nations and dealing with a pandemic. I understand pandemics are rare but this Covid situation makes us all look like we have no acumen on how to deal with that and at the same time manage economies from tanking outright as the pandemic is playing out.

[@chrismitchell3283]

'Collapse' would be a more fitting word...Especially for the US.

[@Frenchylikeshikes]

So I'm French...how messed up are we over there ???

[@kendraabeene1173]

Homelessness exploded in the US. Shit jobs for shit wages, high rents. People are more callous and it's everyone for themselves. Hoping the middle age and younger gen votes this time around.

[@AaronKLok]

Technically that option will be a restart of the actual currency or find other ways to measure commodities and agro products/food/seeds.

[@tetraforce3743]

Teachers need to stop giving students detections and stop punishing children

[@Flosseveryday]

I know this is a serious topic, but raising his arms, over and over again, when the Globe was front and center? 😂

[@cyrilo-ol5xb]

A serious UK recession, as a result of brexit, is number one;)

[@logic7374]

Brexit isn't causing a recession. If anything, the shock would be temporary and there would be massive influx of FDI in the U.K!

[@wodenravens]

Brexit hasn't happened. But if and when it does, it is likely to worsen any problems the UK is facing. A temporary recession is still a recession. And every recession is temporary.

[@anils6610]

Sell everything

[@srinivasanranganathan7159]

It is yes, yes and yes!

[@haifamayang3719]

here after corona attack us.

[@dixonpinfold2582]

This guy is a clown. At 1:35 he shows a chart of "uncertainty". The vertical scale shows units (of "uncertainty", peaking at 6. Six? Six what??) which have a zero level and then a negative level. How can you have less than zero uncertainty? Bozo, I say.