[eru]

> Ironically, the global economy is contracting [...]

Where do you take that from? A Google search says that global real GDP is forecast to grow about 3% in 2019. Not great, but also not contracting.

For comparison, global population is forecast to grow by about 1% this year. So we even get a bit of growth per capita.

[alwillis]

The outlook isn’t good; certainly things in the US are slowing: https://www.washingtonpost.com/business/2019/10/30/us-slowdo...

[eru]

There has been a slowdown in growth, yes. Google search suggests that we are still expecting 1.9% real GDP growth in the US for 2019. The article you linked some talks about specific sectors and measures shrinking.

Slower growth is still not a contraction. And the US is not the globe.

[alwillis]

Since the dollar is the world’s reserve currency, if the US goes down, everyone goes down.

There are negative interest rates all over the place; there’s the inverted yield curve, etc.

The US debt just went to a new record of $23 trillion; this won’t end well.