Europe is in recession.
A few links for evidentiary articles:
Jan 22, 2012 - Lost decade of growth for the West
www.reuters.com...
Although the United States has shown encouraging signs in recent weeks, the economy remains far too feeble for any upturn to be either strong
or sustained. Europe is no better off and already appears to have fallen back into a mild recession.
Jan 20, 2012 - Doll, Hyman: Europe in Recession But U.S. Economy Will Surprise to Upside
www.stateofthemarkets.com...
“Europe for sure is in a recession in many parts [and] Asia is still slowing down in lots of places,” as well, the long time member of
Wealth Track’s brain trust and overseer of BlackRock’s three highly regarded Core, Value and Growth mutual funds, said.
Jan 20, 2012 - Recession fears after Australia's job losses the worst in 20 years
www.couriermail.com.au...
The figures mean the Australian economy now finds itself at the crossroads, spooked by a jobs crisis not seen since Paul Keating's "recession
we had to have".
...
Speaking just a day after the World Bank slashed growth forecasts and warned of a recession worse than 2008, he cautioned Australia was "not
immune".
Jan 19, 2012 - Merrill CIO: Europe Headed for Recession, U.S. Slowdown Later in 2012
www.advisorone.com...
Europe is headed for recession, and markets in the Unites States will experience a solid first half of the year before a significant cool-off.
...
Merrill Lynch clearly believes recession is imminent in Europe, which will necessitate rate-cutting by central banks. As to the 2012 outlook in the
United States, Wolfe finds it “more of a cloudy mix.”
Jan 18, 2012 - World Bank Warns of Chaos From New Financial Crisis Worse Than 2008
community.nasdaq.com...
The World Bank warned nations Wednesday to brace for chaos as a new global financial crisis worse than 2008 looms. To indicate how bad the
situation would be, the bank slashed its previous 2012 growth forecast for high-income countries.
...
An Australian economist, Chris Richardson, director of Deloitte Access Economics, said that if the World Bank's forecast comes to pass, there will be
more jobless Australians, company profits will be hit sharply and the country's economy will slow down even it escapes successive quarters of gross
domestic product negative growth thanks to the booming resources sector.
To cover the 2008 crisis, the US, Europe has 'printed' money to where there are doubts on our ability to pay off the accrued debt. Now Europe,
Austrailia, and probably in second half 2012, the US will enter yet again into recession. Already the US Debt has passed 100% of GDP.
If in the 2012 phase of the 2008 recession nations need to go further into debt, what's the outlook for paying off that debt?
The Fed began running out of bullets after the 2008 recession. Say the 2012 phase does become worse, if for example Greece exits the Euro since SWIFT
and other banks are already preparing for the return of old currencies.
What ammo does the Fed have left for dealing with another round which can actually be worse than the 2008 crisis?
edit on 23-1-2012 by
Dbriefed because: (no reason given)
