Economic Climate
Gordon Brown Delivers Us Unto Depression
We have it on the authority of Britain’s Prime Minister: there will be a global depression. There will be long-term unemployment and many families will lose their homes. But wasn’t Mr. Brown the man who …
Thanks for Playing, But All Bets Are Now Off…
Whoops! Halifax and Nationwide have lost the will and the ability to forecast next year’s house prices. They blame “volatility” in the market. That sounds better than confessing that their forecasting methods were always bogus.
But …
When is a Recession Not a Recession?
How we define a recession assumes relevance when we are heading for what looks like a depression.
Three years ago they laughed when I forecast a depression. Economists were emphatic: governments had learnt the lessons. By …
