Tuesday, April 21, 2020

The Future

My predictions have been rubbish recently, but that doesn't stop me making another:
Once the lock-down is lifted, we'll see a rapid return to normal (a V shaped recession) with the economy bouncing back powered by massive pent-up demand. A nation that's been under house arrest for two to three months will definitely spend money.
That initial mini-boom is the followed by several years possibly as much as a decade of slow growth, much like the decade we've just had. Once again, ordinary people will have to pay for something that really isn't their fault. The difference from 2008 being that this time around it really is nobody's fault.
Oh and Donald Trump loses in November. 

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