the Crystal Ball"
The world economy is in recession, commodities have crashed and the
Middle East remains a powder-keg.
Demographics, debt, deflation and default – the 4 Big ‘D’s -- remain major impediments to resolving the economic
problems confronting the world going forward.
Keynesian economists control the world’s central banks and are responsible for creating booms and busts
since the 1920s. Each cycle has accentuated the wave of economic and
financial conditions that eventually will shake the world’s economic order to its foundations
after a Minsky moment.
To read the full article
Fred Richards' has published his 'Tis Only My Opinion articles for many years on a wide range of subjects
and most are archived here. The current article is highlighted to the left.
Mr. Richards is a graduate of SMU and HBS, and a member of Who's Who in the World since 1965.