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Global Recession Warning Rattles Stock Markets

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http://www.guardian.co.uk/business/2011/aug/18/global-recession-warning-stock-markets

Morgan Stanley has warned that the global economy is teetering on the brink of a recession, and slashed its growth forecasts. Fears that the world is sliding into a double dip recession are weighing on global stock markets, which resumed their recent falls on Thursday.

Morgan Stanley said the world economy is "dangerously close to a recession". "While we had been calling for a 'BBB' recovery in developed markets all along, the path now looks even more Bumpy, Below-par and Brittle than previously thought," the US investment bank said in a note, adding that emerging markets were not immune either.

It cut its global growth forecast to 3.9% from 4.2% this year, and to 3.8% from 4.5% next year. Growth in developed market economies is now estimated at just 1.5% this year and next. A recession is defined as two or more consecutive quarters of contraction.

I think Morgan Stanley mean the world is very close to having the recovery exposed for the fraud it is and that we never really exited the global depression.

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http://www.guardian.co.uk/business/2011/aug/18/global-recession-warning-stock-markets

I think Morgan Stanley mean the world is very close to having the recovery exposed for the fraud it is and that we never really exited the global depression.

+1

Absolutely. We never had true growth just propped up subsidised figures. Just look at the USA, the global superpower. Houses still falling, unemployment lousy.

I stand by an earlier statement that they (governments) engineered a respite to stop it being called a depression.

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Anyone who's been paying attention to the Baltic Dry Index could tell you we're already in one.

It's on the way down along with stocks around the world - a very good indicator of trouble or joy if it goes outside normal ranges which it is now entering to the downside. The 'warning' of recession only comes from banks and the investment industry when it's already a certainty. We've all been talking about the phoney recovery which is unsustainable since Brown/Darling, Bush/Obama and others pumped the world full of phoney money and said that more borrowing was the answer to a debt mountain - more debt. Doh!!

http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

Edited by plummet expert

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We've all been talking about the phoney recovery which is unsustainable since Brown/Darling, Bush/Obama and others pumped the world full of phoney money and said that more borrowing was the answer to a debt mountain - more debt. Doh!!

and as a result, missed out on the stock market index doubling - d'oh!

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and as a result, missed out on the stock market index doubling - d'oh!

That is one way to look at it and buying at the last low point/turnabout would have been good. Most ordinary folk buy and hold for years. Gold has trebled in 3 years. The stock market has been quite troubled and actually not risen much in the last decade. It depends when you get on and off. The stock market has not reflected the actuality in the last 2 years frankly and most know it has overshot by a long way. It did that in the 1930's and then plummeted

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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