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Not much equivocation from Marc Faber, who sees a "100% certainty" of a global recession in...

Not much equivocation from Marc Faber, who sees a "100% certainty" of a global recession in 2013. Though global stocks are ready to rebound in the short term, and markets would launch a relief rally if Greece exits the euro, a recession is sure to come thanks less to Europe's travails but from a "meaningful slowdown" in India and China.
Comments (2)
  • Tack
    , contributor
    Comments (14311) | Send Message
     
    Gee, I just recall that ECRI had announced a "guaranteed" recession in 2012. I guess Faber wanted to steal the march on next year before ECRI beat him to it.
    25 May 2012, 02:36 PM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    FWIW,

     

    Disagree:

     

    1) The Chinese are motivated to keep their economy going. So growth in the 6% - 8% range.

     

    2) Europe.
    Tough. The best outcome is for Greece to leave the euro immediately and Europe goes pro growth. Most likely outcome, Europe in a recession.

     

    3) As pointed out in several SA articles, many long term good things are happening in the US. GDP growth from 2.0 - 2.5% no matter who gets elected. Remember, Mitt promised a 4% - 6% unemployment rate.

     

    4) The rest of the world is continuing to join the middle class. Look for Africa and the ME to grow.

     

    The above assumes that an Iran conflict is muted or non existent. Any slow down will be an opportunity to bargain hunt resource stocks.
    25 May 2012, 02:42 PM Reply Like
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