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Econbrowser's James Hamilton has highlighted a new forecasting gauge, developed by two private-sector and three academic economists and detailed in a 55-page report, "Financial Conditions Indexes: A Fresh Look after the Financial Crisis," which uses changes in 44 financial indicators to try and predict what will happen to the economy. Interestingly enough, the FCI seems to be anticipating a turn of events.
George Soros says that gold will keep shooting up and will reach bubble proportions. It is also John Paulson’s biggest bet? It is a consensus that gold will rally. But why is gold price going nowhere? Simple: supply and demand
Harvard's Niall Ferguson, one of the world's leading financial historians, says that the American empire is on the verge of a collapse.
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