Intensive Government management of our economy cannot solve the problems we have. There are too many variables involved. Massive debt problems, commodity prices, currency values, the actions of Governments at all three levels, International Government actions. They’ve all led to untenable derivative positions and banking system problems could trigger a significant liquidation panic at any time.
Complexity Failure Crisis & Panic
Have you noticed how often like the finance department the Bank of Canada and all the major financial institutions have to revise their forecasts for the economy? I’d say the word relentlessly is appropriate. So what’s the problem? Are they incompetent or are they lying to us?
…Martin Armstrong on: Sovereign Debt Crisis – Banking Crisis – Derivative Clearinghouse Risk