Source (thegreatrecession.info)
Here are my economic predictions for the remainder of 2020
This list of economic predictions is not hard to come up with. It is, however, the fact that it is so easy to predict these things this year that makes this year’s list so important.
I think most readers will agree with the likelihood of most predictions on this list. The point of the list, then, is to show by the aggregate of calamities that will wash over us how close to certain is a deep economic depression. (Most are problems central banks have zero capacity to resolve.)
This depression is something many people may not perceive until they widen their field of vision to see the full ocean of likely troubles that are nearly certain to pound the entire world in wave after wave for months or even years to come.
(Though I focus on the US, the same economics predictions are likely to apply all over the world with their own variations of local color.)
Many people are living right now in the delusional hope of a V-shaped recovery from the recent Coronacrisis lockdown. The list below shows why that is the most unlikely possibility imaginable.
During this time of economic crisis, most of the predictions listed below are current events that are almost certain to continue as the major trends of 2020 and are likely to even worsen, plunging us into the chaos of a deep economic collapse, worse than 2008:
