The Shadow Elite of Bankers, Regulators, Economists, Politicians, Borrowers Are Seduced By Easy Money Policy
- Saturday, December 14, 2013, 13:27
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In the spring of 2008 the IMF predicted that the global economy would grow by 3.8% in 2009. Instead, due to the global financial crisis and the Great Recession, the economy declined by 3.9%. This preposterous forecast by the central bankers and establishment economists was shockingly wrong by a margin of almost 8%, indicating economists were totally unaware of the perfect storm of financial crisis upon them.
http://www.forbes.com/sites/robertlenzner/2013/12/14/a-shadow-elite-of-bankers-regulators-economists-politicians-and-borrowers-are-seduced-by-easy-money-policy/
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