COMMENT: Thanks for the non-public weblog on the sovereign debt disaster. With each the UK and France in bother and the opportunity of the IMF bailing out these two main nations, the whole lot you’ve got been warning about is coming to a head. I used to be impressed. There was over $20 trillion within the room on the final WEC. This 12 months’s WEC will probably be extra than simply an ‘I informed you so’ occasion. Can’t wait. You actually have loads to cowl.
WL
REPLY: Effectively, between Struggle, Sovereign Debt Disaster, shift in capital flows, danger of cancelling paper currencies, and even the rise in volcanic exercise heading in the right direction with Socrates’ forecast, we’re a profound shift with wildcards coming in from many instructions. This 12 months is our fortieth anniversary for the reason that first World Financial Convention was held in Princeton in 1985. Thank God for Socrates. It displays the whole lot and performs the work of over 1,000 analysts to offer us with a transparent image of what lies forward.
I nonetheless had some hair again then and was most likely 20 kilos lighter. Now we have the movies of that one, and there I used to be forecasting, have a look at the volatility we’ll expertise within the a long time forward. That was undoubtedly an eye-opener on the time.
We did each nation, and the charts have been all hand-drawn for that convention again in 1985.
Listed here are among the Experiences for this Yr’s WEC
