I've been watching the great debates on this site as to where the market will be heading over the last year or so. Commercial Dan (whoever you are??) seems to have made a lot of sense with his discussions for some time on the greater than generally appreciated risk of a global significant downturn.
The below article from the UK Telegraph is one of a number of warnings (similar one from the Bank of Scotland a couple of weeks ago) which don't get any play in our dumbed down general media. When the BIS (Reserve Bank for Reserve Banks) makes a warning of this nature we're in big trouble.
May be time to buy some gold and get that cabin in the woods you've been thinking of - the financial system and bursting of the Fiat currency superbubble (see George Soros new book) is about to go 1929 on us...
BIS warns of Great Depression dangers from credit spree
By Ambrose Evans-Pritchard
Last Updated: 9:02am BST 25/06/2007
The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.
etc - google telegraph.co.uk as I seem to be unable to post the link here having not made any posts before
Haven't seen this commented on elsewhere on this site and would be interested in your thoughts.
Cheers
T
The below article from the UK Telegraph is one of a number of warnings (similar one from the Bank of Scotland a couple of weeks ago) which don't get any play in our dumbed down general media. When the BIS (Reserve Bank for Reserve Banks) makes a warning of this nature we're in big trouble.
May be time to buy some gold and get that cabin in the woods you've been thinking of - the financial system and bursting of the Fiat currency superbubble (see George Soros new book) is about to go 1929 on us...
BIS warns of Great Depression dangers from credit spree
By Ambrose Evans-Pritchard
Last Updated: 9:02am BST 25/06/2007
The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.
etc - google telegraph.co.uk as I seem to be unable to post the link here having not made any posts before
Haven't seen this commented on elsewhere on this site and would be interested in your thoughts.
Cheers
T
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