There will be no job creation. The only solution to the economic crisis is reducing trade deficits, an energy revolution, and investing in infrastructure. But governments everywhere in the Western world are tired of waiting for China to become less competitive on its own growth and are instead trying to implement austerity measures in the hopes that this will speed up the process.
This is extremely dumb because it can only lead to an economy with a weakened middle class, which means lower demand.
The central banks can only inflate the stock markets, not create jobs. And now that governments have basically promoted the idea that government spending = bad, none of them have the credibility left to actually spend to solve the problem using the measures necessary, which invariably imply massive spending like in the 1930s/1940s.
So if no political party are promoting the idea of spending in energy, infrastructure, and reducing the trade deficits, then it means no political party which currently exist can fix the solution.
When the usual options are all exhausted, revolutions are inevitable. There will be NO jobs creation without a 180-degree turn.
We'll see worst than we did in 2008, because we are out of options.
We've basically run out of fuel, and run out of strength to push the car, under the blazing desert sun.
So if no political party are promoting the idea of spending in energy, infrastructure, and reducing the trade deficits, then it means no political party which currently exist can fix the solution.
When the usual options are all exhausted, revolutions are innevitable. There will be NO jobs creation without a 180-degree turn.
We'll see worst than we did in 2008, because we are out of options.
We've basically run out of fuel, and run out of strenght to push the car, under the blazing desert sun.
