 Are we in trouble?
131072: The unusually huge volatility (large price movements) in many financial markets essentially means that nobody is certain of the future (providing you believe in 'the wisdom of markets', which despite Gladwellian overtones, is not necessarily a bad idea).To my knowledge, nobody out there has anything approaching a realistic model of the current economy, either. It has countless variables that interact in countless ways, and producing results that have never been seen before.Talking heads/pundits are for entertainment value only (depending on your definition of entertainment).The only way to have confidence in a prediction for the future, at the moment, is by failing to understand the uncertainty of the situation.