Economist: Estimates Worldwide Recession For 2012, Possible Depression

  • metta

    Posts: 39078

    Dec 28, 2011 10:54 PM GMT
    Nightingale:
    Consumers want to save.
    Corporations don't want to invest
    Big potential banking problem in China. Bigger mess than in Europe & US.
    No recovery until mid 2014


    http://video.cnbc.com/gallery/?video=3000063773


    That will not be good for Obama's chances of re-election.
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    Dec 28, 2011 11:49 PM GMT
    economy%20GDP%20drivers%202011.jpg?uuid=
  • conservativej...

    Posts: 2465

    Dec 29, 2011 1:47 AM GMT
    Europe has entered a recession in my humble opinion looking at current stats.
  • metta

    Posts: 39078

    Dec 29, 2011 4:57 AM GMT
    Funds Expect Surge of Bad Loans in China

    "Chinese lenders must dispose of existing bad loans to prepare for a new batch of non-performing debt, stemming from the credit binge Beijing encouraged following the global financial crisis."

    http://www.cnbc.com/id/45809794