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He discusses the Bay of Pigs, Watergate, the Iran-Contra affair, and, finally, the failure to forecast the collapse of the Soviet Union, suggesting that many of the tragedies resulting from these events could have been averted had the issues been clarified in an open exchange of ideas.
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A prescient article that forecast the collapse of a powerful developer's empire propelled her career.
All the way back in 1994, Paul Ormerod wrote a book called The Death of Economics, lamenting the failure to forecast the Japanese recession or the collapse of the Exchange Rate Mechanism, from which Britain was turfed out in 1992.
In October 2008, a few weeks after the collapse of the US investment bank Lehman Brothers, the IMF published its half-yearly forecast for the world economy.
The collapse of the Blairo-Thatcher consensus?
Corp., the collapse of the Nat'l.
The collapse of the Iron Curtain changed everything.
The collapse of the Soviet Union.
Then when prices collapsed a few years ago, pundits eagerly forecast the demise of the shale boom.
But despite the cut, which brought the policy rate down from a record high of 15.5%, the central bank issued a bleak forecast, predicting the collapse of Iceland's banks would be "extremely burdensome" and the economic contraction "very sharp".
This former trader turned writer forecast the banking collapse in his bestselling book The Black Swan.
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