Next year is going to feel painful, IMF Chief Economist Pierre-Olivier Gourinchas tells CNBC’s Geoff Cutmore.
Next year is going to feel painful, IMF chief economist says
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Next year is going to feel painful, IMF Chief Economist Pierre-Olivier Gourinchas tells CNBC’s Geoff Cutmore.
US is causing the world turmoil. Why would one can think that printing money freely and irresponsibly, use US dollar as a weapon where everyone has started to forego US dollar plus sky-high debt have no consequences? This bubble busting is in the works for many years already and yet the people here are burying their heads in the sand for ages.
Good! This is the punishment for having over 20 years of money printing and 15+ years of artificially low interest rates.
I agree. This slide will be painful in proportion to how careless we have been. Very painful.
For sure you will have pockets of instability when modern western economy is based on constant increase in RE prices, no inflation, full employment, cheap energy, globalization, cheap money, destruction of savings, money printing and low/fixed mortgage interest rates for 30 years. What could go wrong in such “robust” model??? Even now many are hoping that we can just go back to such model.
“Feel”?
“FEEL?
I feel with my hands.
Just look at IMF’s previous global economic growth projections..you will know how accurate they are. lol
😪 humans have became arrogant and greedy
We are not going to put up with this BS from central banks!.
When have they ever been right. Everything is in the hands of the FED. The inflation we have is supply side, not demand driven. We have been in a recession since April, May.
No pain for him and his cabal
Since 2021 we have in a recession…
Blame Putin and his Illegal war for the global economic pain.
Biden and democrats started it. And sanctions are hurting EU.
You mean this year was good 🤣🤣🤣
to ECB and BoE: Annihilate QE and Do QT NOW!!! Tomorrow will be late.
QE is nothing but corruption. It is stealing from poor.
In Europe from December will be begining of depression ,not recession. Crazy euro heads by actions against Russia commiting suicide to themselves
Really?? What food,fuel and utilities
do we need ticket to enter there?
When you say 360 but actually mean 180. Science.
When you say science and actually mean maths. English
@Moulydharan Vallal When you say maths but actually mean trigonometry. Vocabulary
@moo boo well it’s geometry. Whatever 😂
@Moulydharan Vallal Maths was never my strong suit
Join Wall Street Silver and start stacking!
Looks like they’re still trying to get you to spend no I don’t think he has any idea what the hell he’s talking about cause I’m thinking they will barely even make one percent
International Murky Fund
The biggest transfer of wealth in human history.A global plan to make consumers beggars.
Courtesy of Slava Ukraini.
I already lost 25% in my portfolio and he says next year is going to be painful! 😩
@Name Withheld For Privacy – I only started investing the last 3 years. I bought at the top!
@Eric Anderson regardless of that. I didn’t see you complaining when they printed to give for free to everyone during covid
@Eric Anderson Quantitative Easing and ZIRP/NIRP is coming home to roost
@Name Withheld For Privacy – I didn’t get any free money? I had to work harder than normal.
@Name Withheld For Privacy – I don’t understand where your coming from? I started investing to make my life better and you are upset with me for that?
Geoff Cutmore is like James Bond and Joe Kernan is like Mr Potato Head. How embarrassing.
U will feel the pain in December 2022.
IMF is a joke. Why do they even exist. IMF, World Bank, all of those international organization are filled with freeloaders that offer absolutely nothing. All they do is go to these “forums” for free and screw around while getting paid.
360° means you go back in the same position.
Lots of trillion-dollar and half-a-trillion-dollar companies’ stocks are down more than 50%. Already printed 7 trillion and you bought 7 trillion garbage from china. Now you must again print 15 trillion to catch up growth.
Is that a guarantee that next year will be shitty??? Or it that a promise??? What is it???