Read More: http://moneymorning.com/2011/09/28/southeast-asia-strong-growth-humming-factories-no-debt-crisis/
Goldman Sachs Sees 40% Risk of ‘Great Stagnation’
Investors and consumers across the world are worried that the global economy is heading back into recession, but analysts at Goldman Sachs are warning the risk of a "great stagnation" is bigger than you might think. Having analyzed 150 years of macroeconomic data, Goldman has found 20 examples of stagnation similar to those experienced by Japan in the 1990’s, most of which occurred during the last 60 years in developed economies.
Read More: http://www.cnbc.com/id/44713332
Citigroup Cuts Global Growth Forecasts--Again
Economists at Citigroup have again cut their global gross domestic product forecasts for 2011 and 2012 as growth prospects “continue to deteriorate quickly.” At a global level, the bank's Citi Investment Research & Analysis unit predicted on Thursday that growth will slow to 3 percent this year and 2.9 percent in 2012. Two percent global growth is seen by the International Monetary Fund and World Bank as the classification for global recession.
Read More: http://www.cnbc.com/id/44712805
HSBC Says Gold Will Average $2,025 Next Year – Here's the Move You Need to Make Now
HSBC Holdings PLC (NYSE ADR: HBC) just predicted that gold prices will likely average $2,025 a troy ounce in 2012 - stating that investor fears about the Eurozone and other regions of the global economy will send them rushing back into such safe-haven holdings as gold.
Read More: http://moneymorning.com/2011/09/26/hsbc-says-gold-will-average-2025-next-year-heres-move-you-need-to-make-now/
Step Aside BBC "Trader": Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse
"the euro is “practically dead” and Europe faces a financial earthquake from a Greek default"... “The euro is beyond rescue”... “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”...."A Greek default will trigger an immediate “magnitude 10” earthquake across Europe."..."Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.” In other words: welcome to the Apocalypse...