| 2017 The Recession: The Revival Contributor(s): Creations, Piam (Author) |
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ISBN: 1540655695 ISBN-13: 9781540655691 Publisher: Createspace Independent Publishing Platform OUR PRICE: $11.88 Product Type: Paperback Published: November 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Government & Business - Business & Economics | Leadership |
| Physical Information: 0.19" H x 5.98" W x 9.02" (0.29 lbs) 90 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: WHEN BANKS ACT LIKE CASINOES THE ECONOMY IS A GAMBLE. Warren Buffet has 55 billion dollars in cash. That is the most cash he has in 40 years. Why has he not invested in the market? George Soros has increased his short position 5 times. Jim Rogers said on Yahoo that he is staying away from the US stockmarket. These are the 3 legends of investing this century. Their actions tell just one story: The markets are going to go down. Greece: Debt Crisis Spain: Debt Crisis Italy: A Banking Cesspool China debt to GDP: 260% USA: QE Bubble and $20 Trillion Debtpile Japan: Negative Interest Rates Saudis: Lenders Turn Borrowers Europe: 30 Big Banks in Bad Trouble The breadth of bad economic news spans the globe. From one end to another. With only a few islands of relief. These will also get dragged into the connected quagmire. The stark landscape of history is a pointer to this immutable law. You can do it for sometime. But you cannot inflate the economy artificially forever. From ghost cities to 'easing' money there were so many unnatural decisions that propped up the financial globe. But reality has a habit of making its presence felt with a crash From Goliath who fell to Lehmann bros which vanished. Deutsche bank is much bigger than Lehmann Bros whose collapse led to the 2008 recession. Warren Buffet calls Derivatives 'Weapons of Mass Destruction'. They are known to be extremely toxic and can bring down banks like nothing else. And Deutsche has $46 trillion of these. The illiquid asset is $10 billion. Worse, the actual value of its assets is a mystery. It may be much below its shown book value. Deutsche bank had has put its subsidiary on the block. But nobody is willing to buy a Deutsche subsidiary. The USA DOJ has slapped $ 16 billion fine. More than all these Deutsche bank is heavily networked with several prominent banks. If it goes down it will take a few others too along with it. The stock price of Deutsche is below its 2008 recession price. And the grand top-up is that Deutsche bank is struggling to earn profit. This time, will Deutsche bank be the first of the big banks to collapse. And others will follow? In 2008 it was the Recession. This time will it be the Depression? The Financial World Is Now An Economic Thriller 2017- The Recession. The Revival Just hours before the Titanic sank the sailors were excited of being in such an engineering marvel of its time. Mar 23 2016: Credit Suisse announced that it plans to fire 6000 of its employees. Year To Date 2800 terminated. Mar 30 2016: A steel major announced exit from Britain. 15,000 jobs on the line... Oct 21 2016: Deutsche Bank - The US DOJ slaps a fine of 14 billion dollars on Deutsche bank. Stock of Deutsche Bank touches single digit. 9000 jobs on the line Nov 05 2016: Mars And Spencer Shuts Down 10,20,30,40,50,60,70,80,90... 100 Stores. Nov 15 2016 France Prime Minister " Europe On Brink Of Collapse" It's Right Here. Facing You. Bank of America Merrill Lynch warned clients of a potential recession. "While the range of signals is wide, in aggregate they do suggest that, if data were to continue to weaken in line with the recent pace, history would point to a recession in the second half of 2017." Yields on longer-term bonds such as the 30-year Treasury have jumped post Trump -election. "Sharp yield spikes have preceded every major crisis in the past 20 years. ON THE BRINK |