Global Economic Collapse
Société Générale tells clients how to prepare for potential 'global collapse'
Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
Explosion of debt: Japan's public debt could reach as much as 270pc of GDP in the next two years. A bullet train is pictured speeding past Mount Fuji in Fuji city, west of Tokyo
Photo: Reuters
In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.
Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog of "deleveraging", for years.
"As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse," said the 68-page report, headed by asset chief Daniel Fermon. It is an exploration of the dangers, not a forecast.
posted by Indigobusiness @ Thursday, November 19, 2009
4 Comments
4 Comments:
Everyone's a fucking expert, just one wanking prophet after another. I challenge them to predict the time and place I next take a shit. Afterwards they can kiss my ass (with feeling...)
Nonchalant Nick
They have met your challenge with the prediction you will shit your pants when the global economic collapse crosses your threshold....perhaps in the guise of some sort of Santa, Tooth Fairy, or other benevolent benefactor.
Additionally, they insist you do most of the kissing...and all the feeling.
My prostate is trying to grab my attention, I aint scared of no ghosts. You should know by now how I work everyday towards the goal of global economic collapse.
btw: crapped 15 minutes ago, quite sucessfully.
Bottom - line is, I die. My balls for your neck. I am sick of fucking prophets and bored of the procrastination of all the human race.
Z.
Crapping is one long process, not episodic glory.
Nobody is suggesting you be afraid, just aware. Prophets aren't near as bad as false prophets.
I'm sick of the sickness.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home