Article Image

IPFS News Link • Economy - Economics USA

Only The Date Is Unknown

• http://www.prisonplanet.com, Monty Pelerins World

Two predictions can be made with reasonable confidence:

The stock market is likely to be halved and that might be optimistic. Only the date is unknown.

The economy will eventually resemble the Great Depression. Only the date is unknown.

Nothing is ever certain. An experienced CFO told me at the beginning of my career that "even the impossible has a 20% probability." In deference to him and years of empirical evidence, I put the the above two events as virtually certain, i.e., an 80% probability.


Agorist Hosting