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 the current political climate?

What does Stiglitz imply about the unpredictability of the current world order?

According to the text, what is the current probability of a US recession in the near term?

What factors does Stiglitz mention that could lead to increased downside scenarios outside of the US?

How does Stiglitz describe the environment for bond yields in the future?