Christine Lagarde, the President of the European Central Bank, has indeed warned that the global economy is facing pressures reminiscent of the 1920s. She highlighted several factors contributing to this situation, including the aftermath of the COVID-19 pandemic, ongoing geopolitical tensions, and rapid technological advancements reshaping industries.
These pressures are similar to those experienced in the 1920s, which were marked by significant economic and social changes following World War I.
From 3 years ago.
All you have to do is look to recognize patterns to see where things could possibly go in the future: t.co/Vz7m17tBTa
— Gold Telegraph ⚡ (@GoldTelegraph_) September 28, 2024
www.exness.global/blog/ecb-global-economy-1920s/
The University of Michigan’s Surveys of Consumers data indicate that consumer sentiment regarding home and auto buying conditions has deteriorated significantly. According to the latest data, the buying conditions for homes and vehicles are indeed at some of the lowest levels seen in decades.
This decline in consumer sentiment can be attributed to several factors, including high interest rates, inflation, and economic uncertainty. While some analysts and policymakers may argue that the economy is resilient, the data on consumer behavior suggests that many people are feeling the pinch and are hesitant to make large purchases.
The cheerleaders are telling us that the economy is strong and in for a “no landing” and yet the Umich data show that home and auto buying plans are lower today than they were at the very worst points in the last six recessions back to 1980. Go figure. pic.twitter.com/E3PaNEfucM
— David Rosenberg (@EconguyRosie) September 27, 2024
BREAKING NEWS
TANZANIA ORDERS GOLD DEALERS TO RESERVE 20% FOR PURCHASE BY THE CENTRAL BANK TO BOLSTER THE BANK'S MOVE TO DIVERSIFY ITS FOREIGN RESERVES.
Another prediction coming together.
The rush to gold continues.
— Gold Telegraph ⚡ (@GoldTelegraph_) September 29, 2024
ALERT: Personal interest payments have crossed $550 billion
Current levels have NEVER been seen since 1959
This sets the stage for rapid consumer weakening pic.twitter.com/vBBVKaCjwM
— Game of Trades (@GameofTrades_) September 29, 2024
Unemployment rising, consumer confidence falling, housing affordability, worst inflation experienced in 40 years…? despite aggregate consumption and GDP stats rising (which is almost always the case) there is deep disillusion on the state of the economy
— TheLastBearStanding (@LastBearStandng) September 29, 2024
Same as above, but line overlays during periods of consecutive rate cuts / hikes.
Nothing showing up for Sept '24 as this chart will only show cuts / hikes in back-to-back months. pic.twitter.com/gv7tPPMDgD
— Parker Ross (@Econ_Parker) September 24, 2024
This is a classic clip of Christine Legarde talking about the ECB balance sheet in 2022.
You can't taper a Ponzi.pic.twitter.com/HpRGqBHTA9 t.co/82uQe2z48f
— Financelot (@FinanceLancelot) September 29, 2024