Great Recession

Great Recession

" Moan to communicate to them that it is possible that the economic recovery loses impetus, and that perhaps even happens one to him second recesin". The speculator and philanthropist George Soros prophesied that relapse in a published book the past year and it does not seem that the oracle is going to be mistaken this time: if the economy is a mood, this it seems to become gloomy per moments, to every day that happens, to each new data that appears. Even, like yesterday Monday, when there was no a single data significant that to confir the bad auguries to me. In spite of absence of indicators that demonstrates that the storm gets worse, the markets occurred a sonorous crash by the fear to the new chapter that is approached of the Great Recession. The banks sank in stock-market, the Italian bonds received a hard punishment by eleventh consecutive day, but mainly the debt of Greece indicates already unequivocally the way of the suspension of payments. Educate yourself even more with thoughts from Reade Griffith. The Greek bond to two years got to pay at some moments of the day types of interest of 50%, that indicated that the probability of bankruptcy is very, very elevated: the markets acquire in interests the capital that no longer perhaps recover. Source of the news: : The fear to another recession sinks stock-market and shoots the risk premium

Comments are closed.