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Re: Global Economic Rebound Weakens

By: fizzy in ROUND | Recommend this post (0)
Fri, 27 May 11 7:23 PM | 149 view(s)
Boardmark this board | De's Test Board 		Msg. 33116 of 45510
(This msg. is a reply to 33113 by Decomposed)
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“THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS THE RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION OR LATER AS A FINAL AND TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED.”

Ludwig von Mises – Austrian Economist (1881- 1973)


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon

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The above is a reply to the following message:
Global Economic Rebound Weakens
By: Decomposed in ROUND
Fri, 27 May 11 6:13 PM 		Msg. 33113 of 45510

Global Economic Rebound Weakens on Quake, Oil Price, European Debt Crisis

By Simon Kennedy - May 27, 2011 7:13 AM ET
Bloomberg.com

The world economy is losing strength halfway through the year as high oil prices and fallout from Japan’s natural disaster and Europe’s debt woes take their toll.

Goldman Sachs Group Inc. now expects global economic growth of 4.3 percent in 2011, compared with its 4.8 percent estimate in mid-April, while UBS AG has cut its projection to 3.6 percent from 3.9 percent in January. Downside risks also include a shift to tighter monetary policy in emerging markets.

“The world economy has entered a softer patch with the incoming growth data mostly disappointing,” said Andrew Cates, an economist at UBS in Singapore. “We suspect this soft patch will endure for longer.”

Full story: http://www.bloomberg.com/news/2011-05-27/global-economic-rebound-weakens-on-quake-oil-price-european-debt-crisis.html

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