Not a Great Depression, a Great Rebalancing
Posted on 9:25 AM, under Beliefs, economy, Global Economy, Jobs, Perception, Stocks
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Over the last few days, I've had numerous emails from you asking: is the global financial system actually going to melt down? Will the various bailout packages on the table work?
Let's use those questions to dive into two of the five steps in the next-gen business construction kit we discussed here recently: how the macro landscape is changing, and what new DNA is.
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Let's use those questions to dive into two of the five steps in the next-gen business construction kit we discussed here recently: how the macro landscape is changing, and what new DNA is.
Here's the good news. We're probably not in for a full-blown depression - one characterized by 25% unemployment, for example. We're probably in for a protracted period of stagnation and malaise. Japan's been going through one for the last two decades, and the Japanese banking crisis is the closest parallel to today's global pandemic.
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