Nerbrand: Economic Forecasting 'Near On Impossible'

The video discusses the views of economist Joseph Stiglitz on the unpredictability of economic forecasts due to political changes, particularly in the US. It includes insights from HSBC on asset allocation and the challenges of forecasting in volatile times. The use of big data to analyze cyclical data is highlighted, along with the global economic uncertainty and potential recession risks. Long-term structural economic trends, such as low bond yields and demographic changes, are also explored.

What does Joseph Stiglitz suggest about making economic forecasts in 2017?

• It is straightforward and predictable.

• It is foolhardy due to political uncertainties.

• It is easier than ever before.

• It is only possible for experts.

What is Steven Major's prediction for the US 10-year bond yield by the end of the year?

• 0.75%

• 1.35%

• 2.50%

• 3.00%

How does the Trump administration contribute to economic volatility?

• By reducing geopolitical tensions.

• By creating uncertainty and unpredictability.

• By being predictable and consistent.

• By stabilizing the market.

What is the impact of geopolitical uncertainties on economic forecasts?

• They make forecasts more accurate.

• They have no impact on forecasts.

• They increase the difficulty of making accurate forecasts.

• They simplify the forecasting process.

What structural issue is expected to persist in the economy?

• High inflation rates.

• Increasing interest rates.

• Low bond yields.

• Rapid demographic changes.