chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
He has been the chief economist for several financial service companies.
He presents his opinion on US (and Global) debt and the deleveraging that is occurring.
He is one of the economist that uses the "D" word.
WealthTrack's Channel - YouTube
The European Debt Crisis... he labels it for what it is, a Financial Shock. MFGlobal was the fifth largest failure. It shows how Euroland can reach across the pond. He notes that there might be others (no one knows yet).... just like the meltdown, a crisis exposes weaknesses.
He noted that it is easy to look at the political theater and get lulled into a thinking it is being handled. Maybe it is being dealt with.... but is it over? He comments about lag between the event and the economic impact of the event.
He thinks 2012 has an increased chance of economic decline.
He also cites studies (I know of one by Mckinsey ) that shows how long it has taken in the past to recover for similar events. According to the Mckinsey report on average 6 to 7 years.... maybe a total of 10 years of economic instability.
McKinsey & Company - Report Debt and deleveraging: The global credit bubble and its economic consequences - January 2010
He presents his opinion on US (and Global) debt and the deleveraging that is occurring.
He is one of the economist that uses the "D" word.
WealthTrack's Channel - YouTube
The European Debt Crisis... he labels it for what it is, a Financial Shock. MFGlobal was the fifth largest failure. It shows how Euroland can reach across the pond. He notes that there might be others (no one knows yet).... just like the meltdown, a crisis exposes weaknesses.
He noted that it is easy to look at the political theater and get lulled into a thinking it is being handled. Maybe it is being dealt with.... but is it over? He comments about lag between the event and the economic impact of the event.
He thinks 2012 has an increased chance of economic decline.
He also cites studies (I know of one by Mckinsey ) that shows how long it has taken in the past to recover for similar events. According to the Mckinsey report on average 6 to 7 years.... maybe a total of 10 years of economic instability.
McKinsey & Company - Report Debt and deleveraging: The global credit bubble and its economic consequences - January 2010