Post by twk on Feb 17, 2010 14:08:56 GMT -6
It is interesting to see some of the stuff that CEO's read
and how it might affect their future decisions.
www.ceoqmagazine.com/whopredictedfinancialcrisis/index.htm
CEO Quarterly Magazine
CEO Magazine
Special Economic Report
The U.S. Economic Crisis and Economic Recovery Plans
An exclusive interview with Med Jones, the expert who predicted the financial crisis
The Economic Recovery - When & How?
The New World Order
The Coming Crisis of 2015
Assessing Obama's Economic Policies
CEO Quarterly’s Michelle Whalley had the privilege to interview Med Jones, one of the few economic oracles who predicted the global financial and economic crises. Med Jones challenged the US President’s State of the Union Address, the Federal Reserve Chairman, and the opinions of top economists back in January of 2007. In an interview with Reuters he warned about the subprime crisis, the real-estate bubble, and the fall out from the loss of confidence in the US economy.
This interview took place after he gave the keynote speech on June 23, 2009 at an Investment Conference for the world’s richest families and investors, in Geneva, Switzerland. Yones talks about the US economic recovery, the outlook for the next five years, Obama's economic policies, the emerging new world order, the decline of the US & the EU, the rise of China, the troubles of the financial industry, the North American Union and more.
* Part 1:The Financial Crisis & Economic Recovery
* Part 2: The New World Order
* Part 3: Assessing Obama's Economic Policies
CEO Q > What will the recovery look like (V, U, L or W shaped)?
Med Jones > That is not the right question, the economy goes through cycles, the better question is how it will behave in the short, medium and long term.
CEO Q > Back in October of 2008 at the height of the crisis, when everyone was talking about the great depression and other doom scenarios, you predicted in an interview with CEO Q Magazine that the decline will bottom in 2009 and we could see a modest recovery in 2010. Is your outlook still the same?
Med Jones > Yes, we could see a modest US recovery of about 1%. In the last few weeks we saw a slowing down of the decline and a lot of media talk about green shoots. My predictions are still valid. However, technical recovery is one thing and real recovery is another. The recovery will be a jobless one, some industries will recover faster than the others and the gross national recovery will not undo the damage anytime soon.
These positive indicators are neither permanent or driven by healthy economic growth. They are the result of the government bailouts, the stimulus package, tricky accounting manipulation, and media cheerleading.
The problem of toxic assets is not resolved. The decline in US real production and other structural problems are still unchanged. Real recovery cannot be driven by more debt-spending.
...
and how it might affect their future decisions.
www.ceoqmagazine.com/whopredictedfinancialcrisis/index.htm
CEO Quarterly Magazine
CEO Magazine
Special Economic Report
The U.S. Economic Crisis and Economic Recovery Plans
An exclusive interview with Med Jones, the expert who predicted the financial crisis
The Economic Recovery - When & How?
The New World Order
The Coming Crisis of 2015
Assessing Obama's Economic Policies
CEO Quarterly’s Michelle Whalley had the privilege to interview Med Jones, one of the few economic oracles who predicted the global financial and economic crises. Med Jones challenged the US President’s State of the Union Address, the Federal Reserve Chairman, and the opinions of top economists back in January of 2007. In an interview with Reuters he warned about the subprime crisis, the real-estate bubble, and the fall out from the loss of confidence in the US economy.
This interview took place after he gave the keynote speech on June 23, 2009 at an Investment Conference for the world’s richest families and investors, in Geneva, Switzerland. Yones talks about the US economic recovery, the outlook for the next five years, Obama's economic policies, the emerging new world order, the decline of the US & the EU, the rise of China, the troubles of the financial industry, the North American Union and more.
* Part 1:The Financial Crisis & Economic Recovery
* Part 2: The New World Order
* Part 3: Assessing Obama's Economic Policies
CEO Q > What will the recovery look like (V, U, L or W shaped)?
Med Jones > That is not the right question, the economy goes through cycles, the better question is how it will behave in the short, medium and long term.
CEO Q > Back in October of 2008 at the height of the crisis, when everyone was talking about the great depression and other doom scenarios, you predicted in an interview with CEO Q Magazine that the decline will bottom in 2009 and we could see a modest recovery in 2010. Is your outlook still the same?
Med Jones > Yes, we could see a modest US recovery of about 1%. In the last few weeks we saw a slowing down of the decline and a lot of media talk about green shoots. My predictions are still valid. However, technical recovery is one thing and real recovery is another. The recovery will be a jobless one, some industries will recover faster than the others and the gross national recovery will not undo the damage anytime soon.
These positive indicators are neither permanent or driven by healthy economic growth. They are the result of the government bailouts, the stimulus package, tricky accounting manipulation, and media cheerleading.
The problem of toxic assets is not resolved. The decline in US real production and other structural problems are still unchanged. Real recovery cannot be driven by more debt-spending.
...