Today's show analyzes contractions in several economies. Gloom has spread because we see global GDP rising by just 1.7% next year and that is our most optimisitic view. Excluding the GFC and COVID, this would mark the slowest pace of global growth in four decades.
The last Economic Show we did was on November 11th and we discussed how government intervention distorts economies. The focus there was for any market economy to operate it has to have accurate information on price. The government's intervention distorts price and therefore making all of the decisions businesses and consumers make wrong - the creation of disastrous bubbles.
Since I started on this journey over 43 years ago, the first 2/3's of my career was consulting with the C Suite (CEO, COO, etc.) on building a sustainable organization that could also achieve rapid growth.