[khebab]

Everything is fine!

One important and reassuring feature of the present situation is that virtually all countries have
maintained price stability in the face of the oil price shock, without compromising activity. Higher oil
prices have not spilled over into higher wage demands and long-term inflation expectations seem well
anchored. As a result, although headline inflation has surged, contagion to non-oil prices has remained
minimal.

OECD Economic Outlook No. 78, November 2005

[Chuckmak]

that's not what i'm getting from it:

and i think the financial times nailed it.

http://news.ft.com/cms/s/ce109a9c-6120- ... e2340.html

The forecast was bright for all 30 OECD countries. But if risks became reality, a dark picture lay ahead, with US asset prices falling alongside a rise in interest rates, and stagnation prevailing elsewhere in the world.

Such uncertainty, according to the Paris-based economic think-tank, is the result of the imbalanced nature of the world economy and the limitations of economic forecasting.

[BabyPeanut]

the limitations of economic forecasting.

"Limitations" like "if we say the wrong thing our vested intrests will lose value."

[Chuckmak]

the limitations of economic forecasting.

"Limitations" like "if we say the wrong thing our vested intrests will lose value."

i can see truth to that (well, what person w/a brain can't? heheheh)

but i see the global economy tied to so many predictable and very unpredictable things so i see where they're coming from there