SNS Subscriber Edition • Volume 23, Issue 35 • Week of November 19, 2018


The New



SNS: The New Global Economy

In This Issue
Week of 11/19/2018 Vol. 23 Issue 35


October 8-11, 2019
The Lodge at Torrey Pines
La Jolla, CA

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The New GlobalEconomy


After the Global Financial Collapse, in 2007, the FinancialTimes announced that "no trained economist" had predicted this, the mostimportant economic event of a modern economist's career. Further down the econconfusion chain, one can add journalists interviewing these economists, andthen journalists interviewing journalists about these economists, and, in thelowest level of Dante's Economic Misinformation Purgatorio, we have the Wall Streetpundits, who daily attribute market changes to the flavor of the moment.

It would be helpful to all of us if any of these peopleunderstood how the real economy works, vs. the theory of - and Street rumorsabout - how companies and countries make their money.


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