Harvard Economic Historian Predicts Bloodshed
2009-02-25 23:11:15 // The Operator
Policy makers and forecasters who see a recovery next year are probably lying to boost public confidence, he said. And the crisis will eventually provoke political conflict, albeit not on the scale of a world war, but violent all the same.
… because it [the United States] retains safe-haven status, in a global crisis, investors want to increase their exposure to the U.S. Hence, the dollar rally. Hence 10-year Treasuries down below 3 per cent yields.
It’s almost paradoxical that an American crisis … reinforces the status of the United States as a safe haven.
- There will be blood by Heather Scoffield at The Globe and Mail
No harm in making predictions which are already in the process of fulfillment.
