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'Something worse than recession' worries predictor of 2008 financial crisis

20 点作者 MilnerRoute28 天前

2 条评论

silisili28 天前
We should listen to him, he&#x27;s predicted 15 of the last 1 recessions.<p>Seriously, he says this every year. That he was right one year doesn&#x27;t make him prophetic.
SyneRyder28 天前
The actual video of the interview is worth watching, there&#x27;s some more nuance than the article and headlines:<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=Topa3LKgolw" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=Topa3LKgolw</a><p>He <i>is</i> promoting a new book, and the topics do seem to line up awfully well for a book called &quot;How Countries Go Broke&quot;. But I didn&#x27;t get the sense that he was really there to promote the book at all, he doesn&#x27;t need the money. I saw it more as an attempt to get a message to certain people in a position to change things, who are known to be sensitive to how television media covers a situation.<p>Combine his comments with Bloomberg interviewees saying &quot;the game has shifted to capital preservation&quot;, banks reassuring everyone that they are increasing capital and well positioned against systemic shock, and the fed saying they&#x27;re ready and prepared to step in when needed... there&#x27;s quite a few echoes of 2008. Everyone saying &quot;we&#x27;ve got you covered when things go to zero&quot; still sends out the message &quot;wait... you&#x27;re saying this is going to zero?&quot;