Teutonic Knight

10 Predictions for the Global Economy

As with any economic analysis and prediction, the true unknown lies in the behavior of humans. My view is that part of the current malaise is the administration's underestimating human reactions to financial markets. Let us face it, no experts really could understand how the world financial system really works, let alone how to fix it.

I believe the author had omitted the possible effects of the coming tidal waves of meltdowns: commercial real estates foreclosures, credit card defaults, rising unemployment, state and local government budget shortfalls, baby boomers retirement onslaught and ensuing drain on Social Security and Medicare, hyper federal budget deficits, among others.

As a cliche: "The Future is Unknown", "What can go wrong probably could go wrong (at the same time)"