On A Bright Shining Sea

Wednesday, January 17, 2007

Looking into the crystal ball

*


The following article seems to make some sense. Read it with caution. Making predictions of this type is risky.

Al the same, it gives a good starting point for which to begin your homework.

~~~

Anderson started by laying out some chilling world trends that keep him up at night. "I think about oil, cheap labor and money", he said, continuing to explain that "these are things which we have no control over."

Anderson sees virtually everything else in the world as "laying in a bed of lettuce" made out of oil from OPEC, cheap labor from Asia and elsewhere, and global liquidity and real cash, which are controlled by bankers, hedge funds and traders worldwide. Even worse, he went on, "I think that the Fed has lost control of the US economy", and their ability to "measure what we're doing in any meaningful way."

"I would call it Ben's dilemma (after Fed chairman Ben Bernanke)," Anderson said. "The tools don't work any more; he's the deer in the headlights."

http://abcnews.go.com/Technology/ZDM/story?id=2729442

(Hat tip to Wretchard’s Bellmont Club and poster Charles)

Posted by Odysseus of Ithaca at 11:31 PM

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  • ▼  2007 (5)
    • ▼  January (5)
      • Follow the money - A big cash grab
      • The US has an aging population problem as well
      • Looking at Demographics in Asia & Europe
      • Looking into the crystal ball
      • A new look.

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