Stories tagged with "debt unwind"

Financial Forecast for 2009, Considering Resource Limitations

Posted by Gail the Actuary on January 6, 2009 - 11:10am
Topic: Economics/Finance
Tags: 2009 forecast, bankruptcy, debt unwind, hyperinflation, oil demand, peak oil [list all tags]

In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are

1. Why so many asset classes are so highly correlated in times of distress. This chart gives my interpretation of part of the problem.


Figure 1

2. Why growth is essential for keeping the current debt-based financial system operating.

3. Where we are now, and the role reduced resources (including peak oil) are likely to play as we go forward.

4. My forecast for 2009.

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