My 2012 Predictions: Pump Priming and Stagflation
Asher Edelman is an art financier. He began his career on Wall Street in 1961, where he worked in investment banking, money management, and derivatives trading (serving as CEO of Mack, Bushnell and Edelman). The Wall Street Journal calls him “the pioneer of the leveraged buyout.” In the 1980s Edelman taught a class for business majors based on The Art of War at Columbia Business School.
Edelman lived in Switzerland, where he founded a contemporary art museum near Lausanne. In 2001, he returned to the U.S. and opened an art dealership specializing in Impressionism-post war art as well as contemporary artists. In 2008, he opened a second gallery, Edelman Arts.
Since 2010, Edelman has been the founder and president of ArtAssure Ltd., an art finance company offering client advisory services, auction guarantees, deal advocacy and interim financing. For archival information visit www.artassureltd.com or write to firstname.lastname@example.org.
I wish you all a happy, healthy and prosperous new year. Some thoughts…
We are not facing a crisis of capitalism; we are looking towards a new, cleaner, fairer capitalism! It will not impair the successful but will, once again, enable the Americandream; hard work and attention to the job at hand can lead to success. The people are demanding and will demand this opportunity. No force will stop it!
2012 will bring:
Pump priming in the early months motivated by Obama’s will to win an election. The pump will not be primed sufficiently to turn the economy yet as the resistance to changeis still powerful, though waning.
The modest prime will release real inflation with no, or little, growth — “Stagflation.” Interest rates will climb to the inflation rate which may reach 6-8% by year end. Though government will wish to control interest rates, the risk of massive inflation will inhibit the probability of success.
There will certainly be Sovereign and banking defaults in 2012, all of which will aid in the cleansing of the world economic cloud and provide part of the foundation for future economic growth and a changed (for the better) brand of capitalism.
We face a year of more transition, a changed economic world, some pain but, ultimately, a world emerging from the black clouds of Recession.
Here is a recent interview I did with Chuck Willbanks for The Deal.
Here's the science of black holes, from supermassive monsters to ones the size of ping-pong balls.
- Bonus fact: If the Earth became a black hole, it would be crushed to the size of a ping-pong ball.
Protected animals are feared to be headed for the black market.
- The EAST reactor was able to heat hydrogen to temperatures exceeding 100 million degrees Celsius.
- Nuclear fusion could someday provide the planet with a virtually limitless supply of clean energy.
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