2011 predictions don’t pull any punches

Investors and businesses experienced plenty of ups and downs in 2010. The global economy, as I see it, is in a period between two crises. In 2007-08 we had the global credit crisis, the private-sector banking crisis and the bursting of the real estate bubble. Now we are in a period of cleanup with a respite from the chaos. Here are my thoughts for 2011: