Societe Generale Analyst Calls For Depression
January 15, 2009 by Douglas A. McIntyre
The French has turned to a trait which has been uncommon in the European country.
One of the most well-regarded analysts at Societe Generale says that it is time for the US to gird for a depression. The notion that the economy might recover is useless.
According to Reuters, Albert Edwards believes that While economic data in developed economies increasingly reflects depression rather than a deep recession, the real surprise in 2009 may lie elsewhere."
That "elsewhere" would be China. "It is becoming clear that the Chinese economy is imploding and this raises the possibility of regime change. To prevent this, the authorities would likely devalue the yuan. A subsequent trade war could see a re-run of the Great Depression."
Douglas A. McIntyre
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.