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Debt Issues Top Economists' Fears

Wall Street Journal Original article ›

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Risk of mortgage defaults and heavy debt loads has passed terrorism as the biggest risk to the economy in a survey of economists by the National Association of Business Economics.

Economic and sales forecasts in the boom years before the 2008 financial crisis, and well into the downturn, that lost objectivity and analytical focus.

07/14/2005

How objectivity and analytical focus was lost as company and association management in the housing, auto and other industries, and their economists tried to believe and maintain the status quo. A similiar situation at the US central bank, the IMF, and other locations. The tendency to be upbeat and ignore emerging danger signs requiring a more realistic assessment. And the frequent revisions as a result of this.

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As Data Point to Slowdown, Housing Market May Land Harder Than Economists Predict

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A Resilient World Economy

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In a Sea of Optimism, Why Some Forecasters Warn of Recession

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