Economists are still working to show why they should be in the business of predicting the future trends of business. The Queen may also still be waiting an understandable explanation for why Economists missed last year's big dump in world markets. Now that economies are beginning to recover, Economists are establishing sound causes for the world recession.Indeed, the process of looking at the data may help a great deal in understanding how to anticipate and avoid and future bubbles.
We avoided a Depression because governments knew to keep putting in spending and not stop too soon, according to Don Drummond, Economist for the TD Bank. Drummond said the one key factor which extended the deepness of The Depression was the too quick withdrawal of government stimulus spending. For the next two years, we will be experiencing government spending on infrastructure and other projects. It is after that the Queen may be showing up at the LSE again, asking for another explanation from her Royal Economists.
