My blog readers who own an Amazon Kindle e-book reader, please be advised that you can now download my book, “Global Economic Forecast 2010-2015: Recession Into Depression.” You can find my book listed at the Amazon Kindle store.
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My new report, “Global Economic Forecast 2010-2015: Recession Into Depression” provides the following projection for 2010:
* 2010 will mark a transitional period, following in the wake of massive sovereign intervention in the global financial and economic system in 2009. Much of 2010 will be characterized by a deceptive calming of the global economic crisis
*Massive government borrowing will be recorded as GDP “growth,” creating the impression that the global economy has slipped out of recession; this recovery will prove to be short-lived and illusory
* The transitional period will endure for 18-24 months, concluding with a severe public debt crisis in major advanced economies, in particular the United States and the UK. The onset of this catastrophic fiscal crisis will mark the next stage in the global economic crisis, leading to a synchronized global depression.
The full report and global economic forecast is available from this website’s homepage, (http://www.globaleconomiccrisis.com) and on Amazon.com
President Barack Obama’s chief economic advisor is Larry Summers, the man who served as Treasury Secretary to Bill Clinton. It was during the Clinton administration that Summers led the drive to deregulate the financial industry, a policy measure that contributed significantly to the financial collapse of 2008. This same Summers, speaking on behalf of Obama, is now doing the rounds, providing the media with his characteristically optimistic economic forecast for 2010.
According to Summers, the Great Recession is already over, and job recovery will gather momentum during 2010. For those seeking fact based economic forecasts in lieu of happy talk from Larry Summers, I suggest getting a hold of my new book, “Global Economic Forecast 2010-2015: Recession Into Depression.”
