The Unsustainable Must Surely End!. Michael Parkin. LECTURE TOPICS. OUTLINE. Consensus forecasts for 2003 Unsustainable trends Inflation or deflation?. CONSENSUS FORECASTS FOR 2003. My previous forecasts
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Three unsustainable trends that must surely end are
Rising real estate prices
Increasing household debt
The external deficit
A fourth trend, the federal budget deficit and growing federal debt is sustainable if the current official projections are correct but might become unsustainable if expenditures increase more rapidly than projected.