Several years ago I went to a dinner in London hosted by Mark Anderson, the CEO of Strategic News Service and one of the smartest, most perceptive people I know. At the dinner he talked about the coming crisis that would be generated by the US sub-prime market. I was embarrassed because I had no idea what he was talking about — I had never heard the phrase ‘sub-prime’ until that moment. So when the crisis eventually arrived, Mark rose even further in my estimation.

He’s just released a short video giving his views on what’s really going on now in the US economy.