As some of you may know, I am hugely bearish on the world economy.My views are pretty much Libertarian/Austrian Economics based.I believe that government intervention, reckless monetary policy and massive debt accumulation has created this fake "prosperity" we have been seeing over the past 15 years or so....Take a look at this chart:
I am adding NO Elliott Waves or anything else...But from a purely basic technical perspective...what do you think?A Channel...A shoot above it...back into it...and a retest of the top of it?Also notice the possible Head and Shoulders pattern we are seeing develop...Where do we look to be heading?My Conclusion:The Great Depression was a Blip compared to what awaits us. :(
Western economy sure maybe but not world economy. I realise most of the money is with the lardy over consuming people like ourselves but dont discount the possibility of a greater world population which manages to trade ourside the influence of the dollar, pound or euro as it certainly seems possible
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world gdp should not become negative imo