Jump to content
House Price Crash Forum
Sign in to follow this  

" Green Shoots" Confidence Collapsing Worldwide

Recommended Posts


Global Confidence Drops as Unemployment Surge Counters Stimulus

Share | Email | Print | A A A

By Shamim Adam

July 16 (Bloomberg) -- Confidence in the world economy dropped for the first time in four months in July as government stimulus efforts showed little sign of reducing job losses, a Bloomberg survey of users on six continents showed.

The Bloomberg Professional Global Confidence Index declined to 39.13 in July from 43.57 in June. A reading below 50 means pessimists outnumber optimists. A measure of U.S. participants’ confidence in the world’s largest economy fell to 29.5 from 36.7, the survey showed.

“No one can wave a magic wand,†said David Semmens, an economist at Standard Chartered Bank in New York and a regular survey participant. “We aren’t pulling out of the recession in the same way as in past recessions. The economic outlook isn’t improving as strongly as people would have hoped.†*

Stage 2 of the greatest house market crash in history is about to begin (Stage 2 was the 20-25% credit crunch fuelled drop). The unemployment driven collapse will be much more powerful as the market is driven by the ability of people to buy and mass unemployment, in the absense of irresponsible credit, will drop prices like nothing we have seen before.

* The understatement of the year.

Share this post

Link to post
Share on other sites

That article was out yesterday RB.

Slackening off, are we? ;)

Edited by VoteWithYourFeet

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   285 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.