Not specific ones. Global deflationary events are truly a "one in a century" phenomenon. It's been nearly a full century since the onset of the Great Depression, and the Long Recession of the 1870s was a full half century before that. These things just don't happen as often as regular recessions and inflation episodes do.
Not specific ones. Global deflationary events are truly a "one in a century" phenomenon. It's been nearly a full century since the onset of the Great Depression, and the Long Recession of the 1870s was a full half century before that. These things just don't happen as often as regular recessions and inflation episodes do.
There is also the additional issue of demographic collapse in China and Russia particularly. China ran out of children some 20 years ago and is now running out of young workers (and the ones they have are increasingly choosing to "lie flat", according to some accounts). Russia is already at a point where has to choose between putting its young men to work and sending its young men to war.
These demographic crises (and similar crises in countries such as Germany) coupled with economic stress could quite easily precipitate a political crisis in those nations. The CCP could be facing an internal rebellion if can't make good on its post-Tienanmen Square promise to the Chinese people to keep them pacified while under totalitarianism. Putin potentially could have to stave off multiple coup attempts if his war in Ukraine goes seriously south on him
If the regimes in these countries fall, I'm not sure anyone can accurately assess what comes after. If things deteriorate sufficiently in China especially, we are looking at a geopolitical singularity with no real clue what lies on the other side.
Not specific ones. Global deflationary events are truly a "one in a century" phenomenon. It's been nearly a full century since the onset of the Great Depression, and the Long Recession of the 1870s was a full half century before that. These things just don't happen as often as regular recessions and inflation episodes do.
There is also the additional issue of demographic collapse in China and Russia particularly. China ran out of children some 20 years ago and is now running out of young workers (and the ones they have are increasingly choosing to "lie flat", according to some accounts). Russia is already at a point where has to choose between putting its young men to work and sending its young men to war.
These demographic crises (and similar crises in countries such as Germany) coupled with economic stress could quite easily precipitate a political crisis in those nations. The CCP could be facing an internal rebellion if can't make good on its post-Tienanmen Square promise to the Chinese people to keep them pacified while under totalitarianism. Putin potentially could have to stave off multiple coup attempts if his war in Ukraine goes seriously south on him
If the regimes in these countries fall, I'm not sure anyone can accurately assess what comes after. If things deteriorate sufficiently in China especially, we are looking at a geopolitical singularity with no real clue what lies on the other side.