These are my philosophical insights on various disciplines, among them economics, finance, international affairs, jurisprudence etc...
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Saturday, 2 June 2012
Negative World Economic Outlook.
The world economy is slowing down again. With the Eurozone crisis deepening and the other countries of Europe facing debt problems and some like the U.K. slipping into a double dip recession. Confidence is surely on an all time low. Investors are moving their wealth into safe haven assets with the U.S. 10 year, British gilt and German bund yields at extremely low levels. Private sector job creation in the U.S. is slowing down with the unemployment rate failing to drop below the 8% mark. China's economy is also in trouble. The huge growth rates of the past are seemingly becoming history. This continual slowdown will spread to the developing countries, affecting mainly the prices of commodities, thereby resulting in a dip in revenues and national income. Therefore the world economic outlook for the coming months is uncertain and policy-makers need to make the right decisions to save the world economy.
Kweps!! Now blogging. Ha ha.
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