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Fact or Fright? Tony Tan warns of ‘perfect storm’
- Thread starter sense
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Not sure whether luxury cars will be another indicator. Look at it this way, if the bankers lose their jobs due to the recession, I think they cannot afford to upkeep their luxury cars, and many luxury cars will be on tow.
And property auctions -- more private property will be out for auctions by the auction houses, check out the classified ads or contact your favourite property agent.
And property auctions -- more private property will be out for auctions by the auction houses, check out the classified ads or contact your favourite property agent.
World Bank President warning of a new phase “dangerous” in the economy
The world economy has entered a “new and dangerous phase,” in the countries of the euro area must react quickly, said Saturday the World Bank president, Robert Zoellick class=”span” , in an interview for the weekly Australian “Weekend Australian”. Despite the drop in the rating of U.S. debt, which caused panic in the markets, Zoellick believes that the debt crisis of the European countries is by far the most worrisome.
With Greece and Portugal harassed by debt and other countries at risk, not just the euro zone economy that is threatened but also the very existence of the currency , Zoellick said. investors, stressed, begin to wonder how long Germany and France will be able to continue to help countries in danger without putting themselves in danger. “We are at the beginning of a new storm, unlike the 2008 crisis. In the last two weeks have passed a difficult recovery to a new and more dangerous phase,” he explained. “The lesson of 2008 is that the longer we wait, to be more severe measures.”
Beyond the immediate financial consequences, Zoellick estimated that this crisis would lead to changes in the balance of power in the world. For him, this crisis means to pass the economic power of West China
For the president of the financial institution, a devaluation of the yuan would help to dampen inflation, although both would become cheaper Chinese products abroad. Moreover, according to Zoellick China wants to improve the social protection of population, but without approaching the European model , has qualified. “I say … it’s too expensive.”
http://economicsnewspaper.com/polic...new-phase-dangerous-in-the-economy-56634.html
The world economy has entered a “new and dangerous phase,” in the countries of the euro area must react quickly, said Saturday the World Bank president, Robert Zoellick class=”span” , in an interview for the weekly Australian “Weekend Australian”. Despite the drop in the rating of U.S. debt, which caused panic in the markets, Zoellick believes that the debt crisis of the European countries is by far the most worrisome.
With Greece and Portugal harassed by debt and other countries at risk, not just the euro zone economy that is threatened but also the very existence of the currency , Zoellick said. investors, stressed, begin to wonder how long Germany and France will be able to continue to help countries in danger without putting themselves in danger. “We are at the beginning of a new storm, unlike the 2008 crisis. In the last two weeks have passed a difficult recovery to a new and more dangerous phase,” he explained. “The lesson of 2008 is that the longer we wait, to be more severe measures.”
Beyond the immediate financial consequences, Zoellick estimated that this crisis would lead to changes in the balance of power in the world. For him, this crisis means to pass the economic power of West China
For the president of the financial institution, a devaluation of the yuan would help to dampen inflation, although both would become cheaper Chinese products abroad. Moreover, according to Zoellick China wants to improve the social protection of population, but without approaching the European model , has qualified. “I say … it’s too expensive.”
http://economicsnewspaper.com/polic...new-phase-dangerous-in-the-economy-56634.html
Years ago, be4 the thought of rising to the Presidency was a glimmer in his merlion-like sight, he charged into maternity op theatre a to get signature from woman who had just given birth. Just so son could go off to Harvard. No regard for the OT being a sterile environment or the poor woman who had just undergone labour. So if you want more nepotism and cronyism you know where to go.
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