Saturday, May 8, 2010

What Economics Bloggers Worry About

And we should too. Here is the full survey (thanks). Brief summary:

"What is the current condition of US economy? (so-so)


Is US economy doing better or worse than government statistics? (Same)

Will the Chinese economy will crack up in five years? (Nope)

What will happen to the U.S. saving rate? (Increase)

Will the dollar will still be the reserve currency in 2050? (Yup)

What is the most serious global issue? (not terrorism but fiscal deficits)

Will U.S. will have a debt crisis in 2015? (Nope, but higher taxes and lower spending)"

It's a fascinating survey but sans that famous black swan!!

"Prediction is very difficult, especially if it's about the future." - Niels Bohr

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