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View Diary: Lindsey Graham promises global 'financial collapse and calamity' over debt ceiling (195 comments)

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  •  Ummmm, Pluto, (2+ / 0-)
    Recommended by:
    Pluto, Ignacio Magaloni

    When you first posted the Seven Events prediction, I clearly recall that your sources posited the precipitating event of collapse as American entanglement in an Iran-Israeli war.  So far we have managed to avoid that catastrophe, yet I see no mention of how that prediction was wrong.

    Just sayin'.  Your sources may know finance very well but not be quite as inside on political maneuvering.  And they certainly didn't predict Sandy!

    •  Indeed. There are many specifics (1+ / 0-)
      Recommended by:
      Ignacio Magaloni

      ...in the seven proposed black swan events leading up to the ONE final predicted outcome:  "The collapse of the US economy." All seven are still in play and Fall officially ends December 21st.

      They always do a post-mortem to calculate their cumulative accuracy in the first part of the following year. It runs at about 87 percent, so we shall see. They publish again on December 16th, so maybe something will be revealed, then. Or, perhaps they will double down again.

      All that being said, their predictions surrounding this matter do not differ much from most of the world's think tanks.


      A child of five would understand this. Send someone to fetch a child of five. -- Groucho Marx

      by Pluto on Tue Dec 11, 2012 at 04:01:26 PM PST

      [ Parent ]

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