Four Vulnerabilities of the 2010 Global Economy

Complete video at: http://fora.tv/2010/01/05/The_World_Economy_in_2010

Philip Suttle, a macroeconomist specializing in emerging markets, speculates about probable hurdles to economic recovery in 2010. "We should all be prepared to imagine the unimaginable," he says.

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The year 2009 -- the worst year for economic performance in recent memory -- is ending on a more positive note with most of the world's major economies growing again.

The Carnegie International Economics Program hosts a distinguished panel of experts to discuss the global economy in 2010 and what policy makers need to do in order to ensure sustainable growth. - Carnegie Endowment for International Peace

Philip Suttle is the new Director of Global Macroeconomic Analysis at the IIF in Washington DC. The IIF is the global association of financial institutions, with more than 365 member institutions around the world. Its primary focus is to provide its membership with research on developments in emerging economies.

Mr. Suttle has had a long career as a global macroeconomist, with a specialization in emerging markets. Before coming to the IIF, he was Managing Director and Global Head of Emerging Markets Research at Barclays Capital. He has also worked at the World Bank, the Federal Reserve Bank of New York and the Bank of England.

For most of his career, however, he was at JP Morgan, where he helped build Morgan's global economic research effort. He joined JPMorgan in London 1988, where he rose to become Head of European Economic Research. He was transferred to New York in 1992 to help build Morgan's international economics research effort. In 1996, he was promoted to Managing Director.

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[eirefrance]

Heres one vulnerability of the US economy in 2010: we stopped making things and turned the financial industry into too big a portion of the economy. Now, people who would have gone into more sustainable industries are going into an industry built around fake investments. And, instead of using the bailout money to help spark new industry, it was used to prop up this fake industry more.

[artformeandyou]

Can Fora show some Peter Schiff interview or lectures please?

[qncsc]

@mallardhead - sadly, i doubt many people would understand just how correct you are. the salient feature in your comments is the "controlled production." the carbon tax (lies) and the willingness of the duped (suckers!) populous will vote and allow their own demise, believing the lies promulgated.

agree; all the trend lines point to support what you are stating. the future must be bleak, by design. we are just now in the earliest of stages...like a rollercoaster. good luck bc soon it's down!

[Lancemaker]

@eirefrance really ? can u tell me what means 95% debt/gdp ratio ?

[mallardhead]

@5623461

Yes, Obama is making Americans into 'shits' for personal gain. Still beats being a romanian. We can't build a base on the moon. He just killed that pgm, but then y'all aren't smart enough to do it, so China? The New Progressive Pseudo-Socialist World Govt will still have more & better health care than the People, who will be culled and forced into eugenics. The new world economy requires a cap on production, an increase in the unemployed, less real goods, and a lot more suffering!

[Battery9876]

Economy growing in the next 6 months, oil at 100-120$ and bang here we go again with another crash.

Peak oil guys it's soon the end..

[5623461]

start producing goods and space materials where you're real good in making. Buid bases on the moon, live healthy etc. If not you'll resemble the shit americans from the movie THE CROW.

[Will224000]

...Fire The FED !!!...

[prosvjeta]

1:02 to 1:11 "...if it does happen..."

the price of oil is in the hands of the speculators - JP Morgan & Goldman Sachs - so please don't pretend to be worried about the consequences for the majority cos you're profiting anyway.

you've been bailed out in 2008 and 2009 anyway, in order to survive the coming crash in 2010 that you've been orchestrating.

[eirefrance]

@BrutusBlackest, people know this already. Fixing it is largely impossible without massive disruptions in the economy. And, as long as we keep pretending, the only ones who suffer are you and I, the ones who need jobs. Bankers, connected politicians and media figures have good salaries, they're not incentivized to push for change.

[666norton420]

martin weiss was also on the ball!

80% of their 2005 red list went bankrupt in 08.

i started listening to them in 07 and knew shit was coming due to them.... anyone who listened to honest informer knew it was coming.

;d