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LONDON (Reuters) - Societe Generale said on Thursday that the United States' economy looks likely to enter a depression and China's could implode.
In a highly bearish note, veteran cross asset strategist Albert Edwards said investors should now cut equity exposure after a turn-of-the-year rally and prepare for a rout.
It's one thing to call for a depression - you don't have to look very far in the "alternate news" section of the internet to find forecasts like this and they've been a constant for many, many years - but to hear an analyst at a major firm predict a depression, that's a little different.
When this same analyst also recommended buying stocks two months ago, then it become something of a curiosity.
Originally posted by ravenshadow13
How does an economy "implode"?
Originally posted by Techsnow
Ever wonder if this depression in states is being planned only to strike at China? Consider they have already planned the U.S. new currency, being the Amero.
I couldn't see any nation able to stop the combination of an allied NAU and EU once the middle east is destroyed and China has crashed.
Originally posted by Techsnow
Ever wonder if this depression in states is being planned only to strike at China? Consider they have already planned the U.S. new currency, being the Amero.
I couldn't see any nation able to stop the combination of an allied NAU and EU once the middle east is destroyed and China has crashed.
[edit on 15-1-2009 by Techsnow]
Originally posted by tac109
If we are headed for a major depression, I wish everybody here the best of luck, Please everybody just be smart with your lives right now, and do what you can to prepare for the worst, I remember stories my grandma would tell about the Great Depression and some stories would bring me to tears, So well see what the future holds, I hope it will get better but plan on the worst.
Originally posted by resistor
Originally posted by Techsnow
Ever wonder if this depression in states is being planned only to strike at China? Consider they have already planned the U.S. new currency, being the Amero.
I couldn't see any nation able to stop the combination of an allied NAU and EU once the middle east is destroyed and China has crashed.
[edit on 15-1-2009 by Techsnow]
Boy, talk about cutting off your nose to spite your face.
Something tells me if the PTB wanted to maintain the USA as world leader they wouldn’t have exported all of our industries and manufacturing overseas.