Comments on: The World in 2010 http://stedavies.com/2009/11/the-world-in-2010/ the blog of consultant Stephen Davies Mon, 16 Aug 2010 13:02:45 +0200 hourly 1 By: Steve McComish http://stedavies.com/2009/11/the-world-in-2010/comment-page-1/#comment-2463 Steve McComish Fri, 18 Dec 2009 15:14:09 +0000 http://stedavies.com/?p=2540#comment-2463 Great post. I remember a couple of years ago The Economist predicted Hilary Clinton would be the next President of the United States. Doesn't exactly fill one with confidence in their predictive powers. Great post. I remember a couple of years ago The Economist predicted Hilary Clinton would be the next President of the United States. Doesn’t exactly fill one with confidence in their predictive powers.

]]> By: Timi Agama http://stedavies.com/2009/11/the-world-in-2010/comment-page-1/#comment-2396 Timi Agama Sun, 22 Nov 2009 08:35:30 +0000 http://stedavies.com/?p=2540#comment-2396 I really don't understand why people persist in saying the financial crisis could not have been predicted. Don't be fooled by the experts who have a vested interested in making you believe that. 18 months before the proverbial hit the fan I was arguing that things were very wrong. And I'm just a layman entrepreneur. And I was not alone. Some guest columnists predicted pain in the Financial Times. One was so audacious as to predict the collapse of a major US bank. And why were investors shorting Northern Rock stocks (whose model was a microcosm of the new financial order) if they thought the model worked? People knew the emperor had no clothes but were too embarrassed to talk. And still are. I do agree that the BRIC economies are the story of the future. And I'd also say that if you accept that then you begin to see that growth rates in the West will remain low for a sustained period. Like Craig says, it will be very difficult for the West to adjust. Which doesn't mean it can't. But Europe just doesn't have the psychological mindset at the moment. Things have been too comfortable and the kind of changes needed to stop the rise of the BRICs are just too radical. I really don’t understand why people persist in saying the financial crisis could not have been predicted. Don’t be fooled by the experts who have a vested interested in making you believe that.

18 months before the proverbial hit the fan I was arguing that things were very wrong. And I’m just a layman entrepreneur. And I was not alone. Some guest columnists predicted pain in the Financial Times. One was so audacious as to predict the collapse of a major US bank. And why were investors shorting Northern Rock stocks (whose model was a microcosm of the new financial order) if they thought the model worked? People knew the emperor had no clothes but were too embarrassed to talk. And still are.

I do agree that the BRIC economies are the story of the future. And I’d also say that if you accept that then you begin to see that growth rates in the West will remain low for a sustained period. Like Craig says, it will be very difficult for the West to adjust. Which doesn’t mean it can’t. But Europe just doesn’t have the psychological mindset at the moment. Things have been too comfortable and the kind of changes needed to stop the rise of the BRICs are just too radical.

]]> By: Craig McGill http://stedavies.com/2009/11/the-world-in-2010/comment-page-1/#comment-2385 Craig McGill Thu, 19 Nov 2009 13:02:24 +0000 http://stedavies.com/?p=2540#comment-2385 Good post - are you going to do one on Social Media? :-) - but I think the European dimension is going to be really interesting, though it's the rise of BRIC that I'm really keeping my eye on as I think 2010 is going to see a lot of pain from a Western point of view as it really starts to sink in that we aren't the daddies any more. Good post – are you going to do one on Social Media? :-) – but I think the European dimension is going to be really interesting, though it’s the rise of BRIC that I’m really keeping my eye on as I think 2010 is going to see a lot of pain from a Western point of view as it really starts to sink in that we aren’t the daddies any more.

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