What good will your 2019 resolutions be if you don’t know what’s coming at you next year no matter what? People in my line of work are fascinated by predictions...but as Yogi Berra once said: “Prediction is very hard, particularly when it’s about the future.” more...
The biggest problem for the global economy in 2019 will be massive business failures. Perhaps bank failures, too. On the demand side, the end of free money will make it difficult for consumers to take on more debt. On the supply side, it could push low-profit business off the cliff. Simply put, the end of free money is setting the global economy into a vicious cycle of slower growth. ...
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