Summary: As described in the first post of this series, Hidden truths about the state of the US economy, we can no longer make reliable forecasts for the US economy. We've sailed off the map, as the post-WWII era has ended. But we can describe likely scenarios. This describes a grim one. The next chapter is Some … Continue reading What lies ahead for the US economy? the global economy?
This is a situation report on the global economy. Speculation, attempting to find order from the confusing and rapidly-changing datastream. The roots of this crisis lie in the cumulative decisions of us all -- collectively -- over the past 3 decades. The problem grew to become major problem as a result of regulatory decisions made over the past decade or … Continue reading Situation report: global economy, December 2008