Join Date: 08.03.2005
A Generation of Uncertainty: Companies Prepare for Future that Can't Be Predicted
The heads of major German companies admit that they have no idea what the future holds in store economically. Next year, the situation could rapidly improve or decline. For many companies, the goal is to become as flexible as possible to prepare for any eventuality.
Join Date: 02.02.2012
Certainty and uncertainty!
For the ones like "The Spiegel" readers it will not come as a surprise that no fundamentally positive developments has taken place and is goint to take place in the near future. That is the certainty!
The uncertainty is the political and human factor which determins when "time is up" for further artificial measures intended to postpone the enevitable "reckoning day"!
As nobody is doing anything about the fundamental problem of lost competitiveness, the crisis will just go on and on!
Next step will be tensions between the "Old Industrial Countries" and the "Newly industrialized Countries" and industry will be wise to prepare for trade wars.
Join Date: 14.08.2012
The man who knows does not predict, the one who predicts does not know
The man who knows does not predict, the one who predicts does not know, an old Chinese proverb.
We have to admit that we are fallible, we have no control over the universe in which we dwell and our past “control” was merely an illusion…
Perhaps trying to control gas emissions we will trigger the opposite effect; I do believe that historian Paul Johnson who coined the “law of unintended consequences”, a law that plagues our history and prehistory…
Just 60 years of relative peace made US complacent and delusional, but reality tells US that we can plan very little and more, “no plan resists contact”, anyone that read the ancient Greeks knows that…, and yes, black swans do exist, they are based on certain CERTAINTY about social diseases, although I doubt that there are “swans” from the same genus of the Europeans since the Southern fauna developed totally independent from the northern hemisphere; let US say that they are as similar as ostriches are to ñandúes in South America, fair enough, but a completely different kind of animal…
Back to the lottery or financial Chaldean horoscopes, the lack of a TRUE international currency (since the US dollar is FIAT money with no backing but debt) is the real culprit of our current woes..., another culprit is massive production of useless artifacts such as remote-controlled helicopters at $ 20 USD (ea), a technological feat BUT an economic disaster “ad portas”…
Macroeconomic figures mask all problems and confuse financial horoscopic professional journalists, which they leverage their confusion under the banner: “every problem is an opportunity“ giving false certainties that last less than one day to the readers…
The real problem, and I refuse to predict its consequences, is that we BELIEVE in a XIX century superstition invented by the Satanist Mandeville who coined the phrase “the invisible hand of the market” later made reputable and dressed-up with a scientific veil by Adam Smith BUT we ACT contradicting its main tenets… there is no credit and extremely low interest rates... a sensible person would smell a rat, not professional journalists though...
Take for instance the American (or Japanese) interest rates, they are ARTIFICIALLY kept low utilizing EMISSION with no backing by the FED, thus the system is totally DISTORTED, nevertheless the journalists keep utilizing the other “laws” as if we are living in a pristine "free market" economy... in which governments are nationalizing DEBT !
The fact that the US reference interest rate is a LIE ironically confers more power to rating agencies since there is no way to calculate risk… And the horoscopic agencies pluck them out of thin air…
We have all the ingredients necessary for a collapsing pyramid or cosmic bubble bursting up.
The only way out is to develop a new model to supersede the obsolete current to debunk for one in all the financial gamble ACROSS globalized stock exchanges...
To isolate them certainly will help, and limiting access to "punters" will help as well.
Unlike the white swan, it is said that the black swan distrusts Chaldean horoscopes…