At least is what assures Jim Rogers, an author, financial commentator and successful international investor, and bullish about China:
We're certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn't have for a few decades now, and it's all coming home to roost.
Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse.
Source here:
Jim Rogers Blog
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15 comments:
I just forget to mention I hopefully desire that this comes true, as soon as possible.
Let the storm begin! My gun is loaded with cash.
http://exame.abril.com.br/economia/mundo/noticias/7-opinioes-sombrias-sobre-o-futuro-do-euro
If you want more good news:
Dr.Doom: Why Italy's days in the eurozone may be numbered
I think that gloomy days wait us ahead, so we must be prepared for them.
More fun. I just wait this to be true.
Europe into countdown to default and bank run, says study
They are now on the brink:
Valor: Crise do euro piora
http://www.brazilianbubble.com/2011/11/goldman-sachs-to-clients-get-out-of.html
Crise de 2012 será pior que a de 2008, diz Jim Rogers
Paul Krugman: Will China Break?
"I hope that I’m being needlessly alarmist here"
I sincerely hope that you don't!
BCE emprestará dinheiro a bancos a 3 anos pela 1ª vez
I think that the EU crisis may come to a halt for now.
But I'm very afraid of what can happen with so many liquidity around.
Valor: Economista prevê queda de PIB Chinês
NYT: Spanish Lender Seeks 19 Billion Euros; Ratings Cut on 5 Banks
Who knows: 8 sinais de que estamos à beira do apocalipse econômico
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