[hartator]

> What exactly is everyone so scared about that we all seem to think the economy is headed for a major recession?

The economy seems to be doing well in 2019 dollars. However you have to take account that almost 2x more money have been printed since then. And if you divide all our numbers by 2, we are already in an economic disaster.

[estomagordo]

Surely you're not saying that anyone who has the same riches today as compared to 3 years ago is, in fact, half as rich?

[hartator]

If you consider money should be rare right now not plentiful, I think it’s an accurate way to look at economics.

[conductr]

It does however take time for all the prices to go to 2x what they were. If we end up having 7 years of 10% inflation we will be there. Had this hypothetical person still just held onto their cash, they’ll be half as rich as they were in terms that matter (purchasing power). I for one would not be surprised at all if that’s what we’re in for.