Global crash imminent, warns expert

Source: arabianbusiness

A sharp downward correction is due in the global markets as real estate, stocks and energy soar to record highs, warned a leading expert on the opening day at this year's Dubai International Financial Centre (DIFC) Week.


Read more: http://www.arabianbusiness.com/504237-global-market-crash-imminent-warns-expert

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--just sayin'

A correction....a major recession...whatever...it's hard times, the gravy train has ground to a halt:

A sharp downward correction is due in the global markets as real estate, stocks and energy soar to record highs, warned a leading expert on the opening day at this year's Dubai International Financial Centre (DIFC) Week.

Even as emerging markets like China, India and Brazil careen ahead at voracious growth rates, the speculative "bubbles" arising in the markets could cause a major global recession, cautioned Robert Shiller, the Stanley B. Resor Professor of Economics at Yale University, at yesterday's event.

"Perhaps we have gotten a little too confident in the global economic growth," said Shiller. "The problem is high oil, stock and real estate prices. I believe that a substantial part is speculative bubble thinking. We have gotten too confident of the prices in these markets," he said...."The unwinding of these markets is the most serious risk facing these markets today," Shiller said.

The confidence of consumers and investors has steadily eroded as they buckle under the pressure of these record high prices, according to measures taken by the Yale School of Management Stock Market Crash Confidence Index and its Market Valuation Confidence Index.

...The World CLIMATE! Which should probably get the same Headline, but it won't.:mad:

Hopefully the news will start getting better at some point.

look what his father did..sold stinger missiles to iran used the money to buy east german weapons that were traded for cocaine to terrorists slaughtering peasants..

used the coke to destroy the black communities in the cities.. used drug gangs drive residents out of whole neighborhoods all over the country, so the banks that are laundering the drug money could foreclose, renovate and sell them to yuppies for fortunes..

then destroy the savings and loan industry, so the big banks could clean up..

why would anyone think this wasn't coming

4o cents of every gasoline dollar goes to speculators, are they laundering part of that to the ReThugs? and are they paying 'any' taxes on it?

Sorry, "correction."