Summary: The secret key to the FM website's great forecasting record is that we do only the blindingly obvious, and give no dates. Such as the long forecast of stability for the world economy, to be followed by ugliness. We revisit this again, showing that almost nothing is happening yet in the global economy. All … Continue reading What you’re not being told about the world economy, but should know!
Summary: A few pictures tell the story, describing our bleak government finances. The solutions are not complex, requiring only our common sense and cohesion. Contents About the deteriorating condition of government finances, the next problem to confront after we recover from the recession. Debt - the result of past spending Liabilities - the result of … Continue reading A look at our future, when our $promises$ to ourselves come due
A brilliant and provocative but pessimistic analysis by Albert Edwards of Société Générale: "To cut or not to cut? Actually it doesn't really matter. We're stuffed anyway!", 12 February 2010. With links to even better analysis by Richard Koo. Must-reading for anyone seeking to understand this crisis. Excerpt: About Europe My own view of developments, for what it is worth, … Continue reading News from the front lines of the economic wars
The global economy can be seen as an dynamo with two poles, America and China. The future of the American economy is exhaustively debated, but remains mysterious. The range of expert opinion about our prospects for the next few years is wider than anything I have seen in 3 decades. The consensus of expert opinion … Continue reading China – the mysterious other pole of the world economy
How can we tell that someone understands our economic situation? If they show panic. This post provides three brief views of our economy, the first two by major experts. Albert Edwards, Societe Generale, 2 December 2008. Worries about next year", Paul Krugman, blogging at the New York Times, 4 December 2008. FM, today. 1. Albert Edwards … Continue reading Three people look at America’s economy