"This potentially fragile state of the world's economy has continued for much longer than many thought possible, even with periodic fretting at the IMF and elsewhere. The unanswerable question is how long such imbalances can continue.
The IMF is concerned that a hard landing in the US could lead to a painful slowdown in Asia, undermine the fragile balance in world currency and financial markets and raise the threat of protectionism. With Asian countries' financial systems still weak, particularly in China, the wider Asian economy is vulnerable to a sudden change of view about its prospects."
That's the outcome in my opinion, everyone goes back to basics.
To much credit is definitely the problem, and it went global with a
flick of the mouse. -nfg-
Ben can't print with any reasonable outcome, that doesn't
mean he doesn't print, it just won't help.
Fear is rampant, but maybe it's warranted, the system is broken
and while there is still a chance to save it, those in charge won't,
don't know how. -nfg-
80% is usually the crash number, for whatever reason it usually is
in that neighborhood, therefore my 2800 prediction, sp 300-350 -g-
I've been known to be very wrong! -vbg- |
