John: doubts after Greece will probably raise rich countries' borrowing costs, risking a vicious circle of defaults (2010)
prediction · status: unresolved · last event: predicted (2010-04-30) · owner: John
Explaining the Greek debt crisis in April 2010, John forecast that doubts about rich countries repaying their debts would probably raise their interest rates, risking a vicious circle of defaults and higher rates. No later video revisits the forecast.
About: government debt, vicious circle, Greek government-debt crisis
| date | event | what | video |
|---|---|---|---|
| 2010-04-30 | predicted | John forecasts that doubt about whether rich countries will repay will probably raise interest rates for many of them, which could feed a vicious circle of defaults. (hedged) | The Greek Debt Crisis Explained in Four Minutes 00:02:05 |
What is said about it
2 statements, by date (the events above are the turns of the thread; these are the details).
- 2010-04-30 · The Greek Debt Crisis Explained in Four Minutes — John says the market assumed this until two months ago, when it realized Greece, a rich country with a strong currency, maybe can't pay back its debts. (hedged) — 00:01:32
- 2010-04-30 · The Greek Debt Crisis Explained in Four Minutes — John says this is complicated by the worldwide recession: world output is smaller, so less tax money comes in while governments must spend about the same. — 00:02:24