Forget immigration and terrorism because something bigger is coming...

Well keep your eyes on the yield curves and we'll see what happens. You're right about wage growth, increasing the minimum wage will inevitably increase spending, Henry Ford understood this all too well.

We have to remember 2008 was not just about a fraudulent banking system with corrupt rating companies but also fools such as Alan Greenspan (can't remember how to spell his name) who created very unhelpful policies.

Get ready people, 2008 was not a big enough lesson for us. The world economy is heading for another financial crisis, and it's going to be bigger, I'm not a fear mongering doomsayer, I'm a realist. Policy makers and bankers having been running the global casino for too long and now it's going to head for a tumble. Many global institutions are saying it even the famed International Monetray Fund (IMF).

So forget immigrantion, forget terrorism forget all these problems, they're for another time because the upcoming financial crisis is coming and it's going to hit us big.

There isn't much you can do, get your stocks out but your cash won't be worth much.

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

Its called Gold. Buy some!

Mhmm, that's what the Russian millionaires/billionaires are doing. Spending 10s of millions on diamond jewelry to keep their money safe

Well keep your eyes on the yield curves and we'll see what happens. You're right about wage growth, increasing the minimum wage will inevitably increase spending, Henry Ford understood this all too well.

We have to remember 2008 was not just about a fraudulent banking system with corrupt rating companies but also fools such as Alan Greenspan (can't remember how to spell his name) who created very unhelpful policies.

Get ready people, 2008 was not a big enough lesson for us. The world economy is heading for another financial crisis, and it's going to be bigger, I'm not a fear mongering doomsayer, I'm a realist. Policy makers and bankers having been running the global casino for too long and now it's going to head for a tumble. Many global institutions are saying it even the famed International Monetray Fund (IMF).

So forget immigrantion, forget terrorism forget all these problems, they're for another time because the upcoming financial crisis is coming and it's going to hit us big.

There isn't much you can do, get your stocks out but your cash won't be worth much.

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

Isn't eight years long enough for our economies to recover? Afte all, surely we have learnt from the lessons of the '07 and '08 crashes, and put safeguards in place to prevent it from happening again? Such as the tightening up of the credit profiling??

Our economy has recovered however very few lessons from the Great Recession have been learned (and the wrong lessons probably kept in the mind). We are still piling up unfunded guarantees, the credit supply to households is still higher than it should be with insufficient risk premiums and our addiction to rising house prices still remains (not to mention low real wage growth).

OP is probably being too bearish (there's little evidence we're going to enter recession in the next year or two) however he is right to suggest that the next recession will be another big one.

If we want a sustainable economy then we need to curtail growth in the credit supply somewhat so that house prices stall and affordability increases (in 2010-2012 mortgage lending was lower than it had been since the late 70's and the result was that outside London prices were actually falling). We also need to properly fund government spending instead of providing guarantees to the private sector from the taxpayer and finally we need to address wage growth, possibly by tying it to something like sales growth.

Thanks Obama.

The IMF is predicting slow / no growth, but not an outright recession. Other institutions are on the other hand being optimistic.

But I suppose if it happens, we can all just "Let go".

Get ready people, 2008 was not a big enough lesson for us. The world economy is heading for another financial crisis, and it's going to be bigger, I'm not a fear mongering doomsayer, I'm a realist. Policy makers and bankers having been running the global casino for too long and now it's going to head for a tumble. Many global institutions are saying it even the famed International Monetray Fund (IMF).

So forget immigrantion, forget terrorism forget all these problems, they're for another time because the upcoming financial crisis is coming and it's going to hit us big.

There isn't much you can do, get your stocks out but your cash won't be worth much.

http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

The U.S. is at about $20 trillion in debt with Puerto Rico needing a bailout and some U.S. states will probably follow. Europe is worse shape with equally unsustainable debt, Greece needing to be supported, and a refugee crisis as well. I believe that amount of debt is unsustainable and it will ultimately be defaulted.

True

That's often the problem with predictions; the self-fulfilling prophecy

You sadistic person. The phrases 'bright side' and 'economy crashing' don't go together. Millions upon millions of jobs lost resulting in millions and millions homeless. Which in turn results in thousands of deaths.

Good thing I am worth sod all. No?

The Great Recession was caused by Hydraulic Keynesianism (the belief that infinite growth in the credit supply would lead to infinite GDP growth) more than anything else which prompted the speculative real estate bubbles. The banks, government and the consumer were all equally responsible for me.

Increasing the minimum wage only affects those at the bottom in any real way, overall real wage growth is still only about 2% which is not good enough.