Prediction Again - Gloom & Doom

[Perry]

Kiwi analysts say global economy strong, amid warning of financial crash
11 Jan 2017

Willem Buiter, the Citigroup bank's chief economist and a leading theorist on monetary policy, said investors should cut their exposure to asset markets like the sharemarket before central banks shut off emergency stimulus.

But New Zealand commentators are far from advising people to bail out, saying share prices were being justified by strong global growth.

I wonder who will be proved right?

[donna]

USA is vulnerable with China owning so much of it's debt.

cheers,

Donna

[eri]

^
We are in uncharted territory.

Central banks have never conducted QE on a mass scale before and they have never tried to reverse it by selling bonds back into the market, least of all when global debt is a record 332 per cent of GDP and the system has never been more sensitive to shifts in monetary policy.

Former Fed chief Ben Bernanke warned last year that the institution was tempting fate to attempt to unwind QE, saying that there is no need to do so.

It would be much wiser to leave the balance sheet alone and focus on raising rates instead.

The Fed decided to press ahead anyway, insisting that the bond sales will be as dull as "watching paint dry".

The truth is that nobody knows.

[Perry]

The truth is that nobody knows.

Aint that the truth!

Six months on.

How are the best guess predictions looking?

[Sportsvee]

Given enough time, they will all be right, maybe.

This I can guarantee: death and taxes to all.

[Bob Kane]

I think every prediction of doom and gloom has been wrong.
Certainly over the last 30 years.

[cube]

Give it another thirty years - Apparently, Germany will need to be spending 80% of its GDP on healthcare and pensions by then.

[Viking]

Give it another thirty years - Apparently, Germany will need to be spending 80% of its GDP on healthcare and pensions by then.

All their geriatrics being nursed by the Muslin immigrants whist they take all the money.

[Davo36]

Give it another thirty years - Apparently, Germany will need to be spending 80% of its GDP on healthcare and pensions by then.

Ponzi scheme right?

[Perry]

Yet another prediction that is not consistent with reality.

[eri]

dammit!

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[Wayne]

dammit!

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Priviledged.

[Perry]

Perhaps Eri's been 'called' on a few failed predictions? <snorts>

[eri]

what i'd really like

is the opposite of "ignore"

ie a way

for posters, to selectively block whiners

from seeing their posts

sure it could be done

and would improve world wide web behaviour

[Wayne]

what i'd really like

is the opposite of "ignore"

ie a way

for posters, to selectively block whiners

from seeing their posts

sure it could be done

and would improve world wide web behaviour

Like a 'don't see me' list?
Not a bad idea.