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What made US to recession there economy suddenlycan't it be forecasted by the bankers the economists?
Wiki User
∙ 15y ago
It's pretty easy to forecast something that you have the power to create. It is fact that the Fed has the power to create the current worldwide economic crisis all by itself by contracting the money supply. Like weather forecasting, economic forecasting is an art as much as a science. There are policies regarding trade that are put in place for reasons that are not so much economic as political and while economists try to factor these in, the consequences are not always clear and obviously not foreseeable. Please review the links below for a discussion of some factors of how we got here and how we need to proceed if we are going to get out. Two major U.S. banks sold COMEX silver short at the end of July. I suspect someone knew what was coming. Many of the gyrations of the economy and the markets are engineered by some very big players. This latest shock was coming for a long time, it was not sudden. Congressman Ron Paul has been forecasting this sort of crisis for years. Unfortunately, the worst may be yet to come.
Wiki User
∙ 15y ago
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Why is the FED called the bankers bank?
why is the FEDs called the Banker's Bank?
Is not represented in the circular flow model?
bankers -Sullivan North High
Why did bankers support deflation?
because youre gay ANSWER: Actually the correct answer is that people or bankers loved the idea of deflation because it would make the money that gets repaid worth more.Commercial bankers kind of liked the fact that the money repaid is worth more but deflationary times generated significantly less business. They would much rather prefer stability. So it would increase the money supply.
Why did bankers support the gold standard?
They were afraid of losing profits
Which economic adviser to the president probably would be most concerned with the views of foreign bankers?
U.S Treasury
What is the Name of the populist pamphlet of the 1890's that featured brilliant proslaverite winning arguments against orthodox bankers and economists?
Coin's Financial School
What professions might use the scientific notation?
People who work with very large or very small numbers. Apart from all kinds of scientists, these would include economists, bankers.
What would happen if alpacas and llamas cheated on their math tests?
I'm afraid it has already happened. A bunch of Alpacas and Llamas cheated on their math tests back in the seventies, and got such good marks that they all became economists and bankers. They all stayed friendly, and covered up their mistakes, and nobody realised what was happening, until all the banks and countries started running out of money. This caused the recession the world is in today.
Who hires bankers?
Bankers Retardo
Who is the target market for fixed deposit?
platimum bankers platimum bankers platimum bankers
Are bankers a salesperson?
no bankers are not sales people but they are the advisors
When was Bankers Hall created?
Bankers Hall was created in 1989.
What is a group of bankers called?
A Wunch is what a group of bankers are called.
What has the author Antoin E Murphy written?
Antoin E. Murphy has written: 'Richard Cantillon, entrepreneur and economist' -- subject(s): Biography, Capitalists and financiers, Economists, Bankers 'Economics for Irish students' -- subject(s): Economics, Study and teaching 'The genesis of macroeconomics'
What is the bankers duty?
Dominated by the banking industry, entrepreneurs, bankers said. Do bankers known as: capitalists, investors Bankers means good at breeding in the business vision into business reality of people
What does bankers have to do with math?
Bankers count money and calculate how much to give you.
When was The Bankers created?
The Bankers was created in 1975.
