Journal: Approaching Economic Disaster on Epic Scale

03 Economy, 08 Wild Cards, 10 Transnational Crime
Chuck Spinney

Testimony submitted to the Senate Banking Committee, hearing on

“Implications of the ‘Volcker Rules’ for Financial Stability”

Thursday, February 4, 2010

Submitted by Simon Johnson, Ronald Kurtz Professor of Entrepreneurship, MIT Sloan School of Management;Senior Fellow, Peterson Institute for International Economics; and co-founder of http://www.BaselineScenario.com

Phi Beta Iota: The bottom line is discussed in more digestible form at Revised Baseline Scenario: February 9, 2010 which ends as follows:

22)  We are steadily becoming more vulnerable to economic disaster on an epic scale.

By Peter Boone, Simon Johnson, and James Kwak