The great reckoning seems to be following the course that Mark Thornton has been charting by guesswork. In other words, the great train wreck seems to be happening. Mark shares his current outlook.

What the Fed does, what the stock market does, and what the economy does cannot be predicted in the same sense that the mechanical and physical sciences can predict simple relationships of physical bodies and forces.

“10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity” (Federal Reserve Bank of St. Louis): https://Mises.org/MI_79_Graph

Download The Skyscraper Curse by Mark Thornton at Mises.org/Curse.

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