Will there be a roaring 20s?
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August 02, 2021, 11:40:52 AM
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  Will there be a roaring 20s?
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Question: ?
#1
Yes
 
#2
No
 
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Total Voters: 32

Author Topic: Will there be a roaring 20s?  (Read 582 times)
Bootes Void
iamaganster123
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« on: March 27, 2021, 02:27:55 AM »

Do you believe this upcoming decade will be the roaring 20s or this just a marketing gimmick?
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brucejoel99
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« Reply #1 on: March 27, 2021, 05:05:48 AM »

Who knows? None of us ever really know what's gonna happen 'til it's already happening.
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DON FARBIZIO CORBERA
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« Reply #2 on: March 27, 2021, 07:32:31 PM »
« Edited: March 29, 2021, 09:09:43 AM by Sprouts Farmers Market ✘ »

I see no reason to think the next decade will be anything like the 1920s in any sense, least if all economically though I wouldn't be surprised to see the stock market crash back to reality. I don't think there really is an appropriate comparison...the 70s with much less culture? It seems destined to be a decade of despair.

e - well it could be roaring in that, like the 1920s, the share of wealth held by the 1 percent matches or exceeds those heights.
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The Mikado
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« Reply #3 on: March 29, 2021, 01:29:09 PM »

Lots of signs pointing to a boom coming. Whether that boom lasts six years like the 1923-29 boom is impossible to know.

People forget that the boom followed an extremely sharp and painful but short 1919-1921 recession, with extremely high unemployment as all the draftees demobilized and reentered civilian life only to find there were no jobs. People in 1921 would roll their eyes at Roaring 20s, too.
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Beet
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« Reply #4 on: March 29, 2021, 01:32:18 PM »

A lot of it depends on the Fed. Fiscal policy is quite loose, but if the Fed is not careful, interest rates will shoot up and raise the cost of borrowing considerably.
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mileslunn
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« Reply #5 on: April 01, 2021, 11:40:38 PM »

No for two reasons:

1.  Have a much older population so with more retiring and shrinking work force, that kind of growth is just not feasible.  Growth above 3% for any sustained period of time is unrealistic in most developed countries.

2.  That was before central banks so if inflation gets that high, central banks will raise interest rates which will dampen growth.  And with amount of debt taken on, could even lead to a debt crisis like Greece had last decade in many countries so exact opposite.
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Samof94
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« Reply #6 on: April 02, 2021, 06:14:26 AM »

I see no reason to think the next decade will be anything like the 1920s in any sense, least if all economically though I wouldn't be surprised to see the stock market crash back to reality. I don't think there really is an appropriate comparison...the 70s with much less culture? It seems destined to be a decade of despair.

e - well it could be roaring in that, like the 1920s, the share of wealth held by the 1 percent matches or exceeds those heights.
At least the animation is better this time around. I find 1970ís animation uniquely horrible.
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RINO Tom
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« Reply #7 on: April 06, 2021, 02:40:40 PM »

I only came prepared to answer regarding if there will be an uptick in partying, social interaction and generally chasing happiness through each other ... and I answer emphatically YES.

(There will also likely be a weird COVID-lockdown-loving holdout that will freak out when people are attending concerts and stuff in August because there are still some COVID cases somewhere, so it will admittedly be interesting to see how long anyone gives them a platform of note.)
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Rosethecommie
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« Reply #8 on: April 21, 2021, 08:43:03 PM »

I mean once covid is out of the picture people are probably gonna party like theres no tomorrow
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