The Economy

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

August 21, 2023

Much has been said on the economic turmoil that seems contained up to this point as we enter the all important 4th quarter.

This post reflects on the presumption that Asia will be the growth driver for 2/3 of the world economic growth this year. That being said, we worry about the derivatives carried by the Bank of Japan. Those financial weapons of mass destruction could trigger a global financial contagion no matter how much paper dancing our Federal Reserve does to deflect the crushing derivatives load held by the US banks.

We appear to be sailing into 2008 all over again but on a different highway leading to a different class of tainted assets. Let us hope not.

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