>We will see an economic depression, also caused by energy problems. The current quantitative easing is actually the first sign of the problems with energy:
One of the only realistic takes in this thread. The current, generationally low price of oil is built entirely upon the output of North American fracking. Fracking is the most capital intensive business on earth at the moment and most players are actually losing money. They are bouyed by the current, generationally low interest rates which are built upon politicized central banking policy. When interest rates rise, fracking grinds to a halt. When fracking stops, the price of oil shoots to 2008 or greater levels and the global economy grinds to a halt. The century scale economic depression that will result entirely invalidates each and every prediction made by the author of the article we're discussing.
america has an interest in making fracking viable, since it's a technology that not many nations can employ (without the involvement of american firms anyway).
Fracking also allows america to place economic pressure to some countries like Russian (by lowering the price of their primary export).
Given the above, it will be unlikely for interest rates to grow in the next decade - since doing so has no advantages (except inflation, which is kept under control by the dollar's reserve status), and has many dis-advantages (such as causing a shock to businesses borrowing, which can precipitate a depression).
One of the only realistic takes in this thread. The current, generationally low price of oil is built entirely upon the output of North American fracking. Fracking is the most capital intensive business on earth at the moment and most players are actually losing money. They are bouyed by the current, generationally low interest rates which are built upon politicized central banking policy. When interest rates rise, fracking grinds to a halt. When fracking stops, the price of oil shoots to 2008 or greater levels and the global economy grinds to a halt. The century scale economic depression that will result entirely invalidates each and every prediction made by the author of the article we're discussing.