COMMENT: Thanks for the non-public weblog on the sovereign debt disaster. With each the UK and France in hassle and the potential for the IMF bailing out these two main nations, every little thing you’ve gotten 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 yr’s WEC will likely be extra than simply an ‘I instructed you so’ occasion. Can’t wait. You actually have quite a bit to cowl.
WL
REPLY: Properly, between Struggle, Sovereign Debt Disaster, shift in capital flows, danger of cancelling paper currencies, and even the rise in volcanic exercise on the right track with Socrates’ forecast, we’re a profound shift with wildcards coming in from many instructions. This yr is our fortieth anniversary for the reason that first World Financial Convention was held in Princeton in 1985. Thank God for Socrates. It displays every little thing 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. We now have the movies of that one, and there I used to be forecasting, have a look at the volatility we are going to 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 among the Studies for this Yr’s WEC
