At the beginning of this year (2013), I identified eight key dynamics that will play out over the next two to three years (2013-2015):
Trend #1: Central Planning intervention in stock and bond markets will continue, despite diminishing returns on Central State/Bank intervention
Trend #2: The omnipotence of the Federal Reserve will suffer a fatal erosion of confidence as recession voids Fed policy and pronouncements of “recovery"
Trend #3: The Mainstream Media (MSM) will continue to lose credibility as it parrots Central Planners’ perception management
Trend #4: The failure of what is effectively the “State religion,” Keynesianism, will leave policy makers in the Central State and Bank bereft of policy alternatives
Trend #5: Economic Stagnation will fuel the rise of Permanent Adolescence
Trend #6: Income, the foundation of real economic growth and wealth-distribution stability, will continue to stagnate
Trend #7: Small business—the engine of growth—will continue to decline for structural reasons
Trend #8: Territorial disputes will continue to be invoked to distract domestic audiences from domestic instability and inequality
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1 comment:
I look to see more businesses to leave MD. The latest rumor is that the Hyatt resort in Cambridge will be closing.
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