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February 25, 2011—In the statistical forecasting of trends, all predictions of trends, excepting those written post-facto, have failed. Therefore, watch carefully the choice of the date identified in the heading of a report, before you attempt to interpret somebody's forecast. Note, that none of my general forecasts were ever dated less than six months before the forecast development was first likely to occur.
Also note: that the definition of a competent economist is that of one who not merely rejects, but who actually understands, and thoroughly abhors the inherent incompetence of the use of statistical predicting of economic trends. The secret of competent forecasting lies in reading the failures made in forecasts, as much as the customary failures of the minds of those in positions of responsibility to influence, who are either shaping, or failing to shape today's current policies competently, but within and among nations.
Every would-be forecaster of late, who has attempted to explain a severe social-economic crisis in any nation, but who also attempted to explain the crisis as the special product of the political-economic situation in terms specific to that nation itself, is worse than a failure, not only as a forecaster, but as a human being. There is, presently, in fact, an accelerating and spreading of waves of crises with the characteristic quality of a threatened, or even actually in-progress, breakdown-crisis of a nation, a wave presently sweeping throughout the trans-Atlantic world... |
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March 23, 2007
—EIR News Service announced the publication of
The Anatomy of Russian Capitalism,
by Professor Stanislav M. Menshikov.
Translated from the Russian by Rachel Douglas, the book is an authoritative study of the Russian economy during the first 15 years after the break-up of the Soviet Union. The Preface, by EIR founder and contributing editor Lyndon LaRouche, titled, "Russia's Next Step," poses the need for U.S. policy-makers to study and grasp the "disease" presented in this book, since it represents "an economic global pandemic which we must all join to defeat." |
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This Week's Cover
- Forecasts:
Statisticians Who Failed Today
'There is, presently, in fact, an accelerating and spreading of waves of crises with the characteristic quality of a threatened, or even actually inprogress, breakdown-crisis of a nation,' Lyndon LaRouche writes, 'a wave presently sweeping throughout the trans-Atlantic world, and, also, threatening to explode, or perhaps even in process of exploding among nations of the Asian regions.' We are virtually 'inches away,' he cautions, from a detructive force which even the great nations of Asia could not withstand.
- The Doom of Quadaffy-Duck
'Quaddafy Duck, is going down,' writes LaRouche, but, do not overlook the many other cases of those in U.S. Republican Party ranks, who, like Wisconsin's Governor Walker, are now in the process of becoming about as unpopular with their states' citizens, and are about as secure in their own futures, as was Louis XVI, after the storming of the Bastille.
International
Economics
National
- Will Americans Heed LaRouche To Win This Mass Strike?
The slate of six LaRouche Democrats running for Congress has put out a clarion call around the theme, 'The Global Mass Strike Demands Glass-Steagall.' Yet, as long as Obama remains in the White House, even as a figurehead, he has the capability of blocking the implementation of Glass-Steagall.
Feature
- Dialogue with LaRouche:
The Science Behind Glass-Steagall
On Feb. 10, as extraordinary events were unfolding in Egypt, Lyndon LaRouche addressed a private gathering of approximately 75 individuals, gathered in New York City. The gathering included international representatives from Russia, China, India, Egypt, and Ireland. They were joined by a large group of leading American economists from California, New York, New Jersey, Massachusetts, and Connecticut, most of whom comprise what has been referred to as the greater Stanford Group. LaRouche was joined by Sky Shields, leader of the 'Basement Team' of scientific researchers.
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