Bing, Predictions, China, Banks
– It just keeps growing. Good, more options make those that are available improve them
– Sorry but this end of the world stuff just does not wash. While we may stagnate for a good long time until we work through this, doomsday predictions will not come true. Also, any economic prediction of 10 or 20 years time frames is not worth the paper you print it on.
– Actively lowering its cost of oil
– This is a startling chart and shows how far US banks nave fallen
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One reply on “Thursday’s Links”
One of the smartest professors I had in university had a theory…the accuracy of a forecast is equal to 1/(N^2) where N is the number of years you are forecasting. He used this jokingly but I think it highlights the validity of a 10 or 20 year forecast.