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STEVE KEEN’S PREDICTIONS FOR 2010

18 December 2009 by Cullen Roche 4 Comments

If you missed Keen’s speech on the credit crisis it is an absolute must see.   His predictions for 2010 follow.   They are equally good:


* Special thanks to Credit Trader for bringing this to our attention

Cullen Roche

Cullen Roche

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Comments
  • pezhead

    http://www.debtdeflation.com/blogs/2009/12/01/debtwatch-no-41-december-2009-4-years-of-calling-the-gfc/

    “10 Steve Keen
    December 1st, 2009 at 4:44 am
    Not stagflation JasonR,

    Which means the combination of low to negative growth with moderate to high inflation. I expect instead deflation–low to negative growth with, for a reasonable period, both falling consumer and asset prices. This is what happened during the Great Depression. I don’t expect inflation for reasons that I outline in the Roving Cavailiers of Credit post.”

    12/18/2009 at 5:33 PM
  • Rusty_Shackleford

    Great talk. Brilliant guy. Always appreciate a guy with the courage to say things that no one wants to hear.

    However, I grow tired of the Nazi analogy. It has become a meme and is a lazy version of the actual historical record.

    The Nazis DID NOT arise de novo as a response to the financial conditions in Germany in the late 20s and early 30′s. What arose out of these conditions was the German Bolsheviks/Communist movement. The Nazis arose AS A DIRECT RESPONSE to the Communists. The Nazis arose as an opposition movement. They were the counter-revolutionaries.

    My point is, we have to be very careful during times of great instability, not just to what arises out of it, but to what arises as a RESPONSE to that.

    12/21/2009 at 2:27 PM