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Thread: What is the post-FIRE economy?

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  1. #1
    Join Date
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    Default What is the post-FIRE economy?

    Since the fraud finance, insurance and real estate economy can't be restarted, what will the new economy look like that will take it's place?

    People still have to eat, so farming will presumably still have a role -- although how farmers will dig themselves out their massive debt remains to be seen.

    Energy, including oil, will still be needed. Resources too, although if construction and other forms of consumption are reduced, then it would seem resource consumption would also decline.

    I would guess that tech will be pretty hard-hit, since FIRE-oriented companies were some of the biggest buyers (and financers) of tech.

    Entertainment will probably flourish, as it has during past disasters, although probably at a lower price-point than today. People will still need health care and drugs, but it's hard to imagine how those industries will escape their current heavy regulatory attacks. Transportation and retail seem like they built capacity for an economy that doesn't exist any more.

    What have I missed? I'm not looking for the next bubble, just industries that are likely to survive and hopefully do well.
    Last edited by Sharky; 03-23-09 at 04:50 AM.

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