The Economy Is/Isn’t Healthy: NYMag Edition

Though New York Magazine’s article is hypothetical, it’s a good overview of all the things that can and may go wrong to send the U.S. economy into recession. The systemic risk of these developing events occurring together and worsening one-another (George Soros calls this systemic risk reflexivity, others might call it a positive-feedback loop to hell) could make for a really devastating recession.

Harry S. Dent’s demographic spending models are forecasting good times to continue until 2011 or 2012 (at which point the demographics of peak-household spending change for the worse), but his model is overly simplistic, relying only on demographic trends and don’t take into account the myriad risks outlined in NYMag’s excellent dystopian article.

Read at New York Magazine.

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