freediver wrote on Mar 27
th, 2011 at 8:59pm:
Perceptionsnow Quote:Absolute rubbish, most of the economists have no idea what is currently happening in the Global Economy!
So your argument is that economists don't know what theya re talking about and you know better?
That's pretty much correct!
There were very few Economists that Publicly said they saw the current GFC coming, before it started, as we have previously discussed.
Most of them still talk the usual lines about growth, even now. They are talking pure BS &/or what they think used to happen &/or what they want to happen.
A good example of the pure BS part, fits quite well, for a lot of issues relevant to the US government, their Federal Reserve Bank and much of the statistics out of all their relevant authorities.
The US is much like the Piigs of Europe, they are effectively Bankrupt, but you won't find too many of your Economists agreeing with that, either!
And still, the vast majority of them do not even acknowledge, nor do they understand or want to understand, the major (and new) forces that are now in charge of Global Economics!
Those major (and new) factors, include -
Demographics - Baby Boomer Bust & Total Population slowing/decline
Peak Energy
Climate Change
Peak Debt
In short, they are living in a past, that is not coming back, any time soon and I suspect that you may know their boat, formerly known as the Titanic.
Anyhow, Good luck with your assumptions & watch the Debt!