COMMENT: Thanks for the personal weblog on the sovereign debt disaster. With each the UK and France in hassle and the potential of the IMF bailing out these two main nations, all the pieces you will have 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 shall be extra than simply an ‘I told you so’ occasion. Can’t wait. You actually have quite a bit to cowl.
WL
REPLY: Properly, between Conflict, 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 because the first World Financial Convention was held in Princeton in 1985. Thank God for Socrates. It screens all the pieces and performs the work of over 1,000 analysts to supply us with a transparent image of what lies forward.
I nonetheless had some hair again then and was most likely 20 kilos lighter. We’ve got the movies of that one, and there I used to be forecasting, take a look at the volatility we’ll expertise within the many years 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 below are a few of the Stories for this Yr’s WEC
