How well do you think the economy is going in the next few years?

[Mr Khan]

ArnoldRimmer said:

TheWPCTraveler said:

US: I don't think the economy will be able to sustain the momentum it had in 2014. The shale oil boom is starting to blow up due to low oil prices, and...I just don't think that QE is working for the typical consumer.

But oil prices will only stay low for a very limited time. About one year if If I remember correctly. At least I've heard that they are just down because certain countries like Saudi Arabia were willing to temporarily destroy oil prices, in order to ruin certain countries like Iran and Russia who depend heavily on oil money.

Personally, I believe that the economic situation will get worse for almost all countries.

But the economy isn't what I'm most concerned about. I, like a steadily growing number of people in my country, fear that a new war in Europe might actually be around the corner, one that might easily spread to a world war.

This may seem a bit far fetched, but just remember, the doomsday clock was just recently advanced to 3 minutes to midnight (23:57) - the last time it was even closer to midnight was 1960, over 50 years ago. Even during the cuba crisis the clock was only at 23:53, so the clock is currently closer to "doomsday"/midnight than to the level during the cuba crisis.

If one looks at how most governments are currently behaving, I think it's obvious that - whatever they may claim - they do not expect the situation to improve, but to get worse. Most of them plan to spend much more money on weapons, riot control etc...

The doomsday clock is no longer a "doomsday" clock heralding the actual end of civilization as we know it. Nowadays its more of a general read on the danger of a nuclear incident.