Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.
By tinkering with interest rates, central banks tinker with the way human beings see the present and the future, and their value systems overall.
While the US's central bank strikes a "cautiously optimistic" stance (as usual), central banks in developing countries are driven to easy money by economic uncertainty and a weakening dollar.
Labor and Wages
We are better off not needing twelve people with shovels to do the same thing as a single bulldozer. Robots are not fundamentally different from a bulldozer.
The FedFinancial MarketsMoney and Banks
The Fed is prepared to squeeze out what little is left of the free market forces in the debt market. The Fed wants full control so it can do "whatever it takes" to keep interest rates from rising above its very-low targets.
The FedFinancial MarketsGlobal Economy
The monetary czars at the world’s central banks are coming to terms with the fact that a no-deal Brexit now seems to be the most likely outcome.
Financial MarketsGlobal Economy
New research is sparking fears that junk debt could trigger a repeat of the 2008 crash.
Taxes and Spending
Governments take on a variety of responsibilities as a justification for greatly expanding powers — claiming these powers are necessary to fulfill these new responsibilities.