Hacker News new | ask | show | jobs
by throwawayjava 2254 days ago
> due to an ability to constantly grow markets with cheap oil energy and new markets. But more importantly the US had a lot of power and regulatory oversight to keep it from happening. All of that is no longer the case

Growth: emerging markets have decades of gangbusters growth ahead of them. More people will exit extreme poverty than ever before in the coming decades. China will transition from middle income to rich in our lifetimes, introducing hundreds of millions of new rich country consumers.

Federal power and responsiveness: The fed expanded its balance sheet in a rather incredible and history-making way. The CARES act is one of the largest subsidies ever.

Cheap oil energy: POTUS is currently begging SA and Russia to increase the price of oil. Meanwhile, alternative energy sources get cheaper every year.

A GD is possible, but not for those reasons.