End Times and Current Events

General Category => The Economic Collapse => Topic started by: Mark on November 26, 2012, 01:56:01 pm



Title: Morgan Stanley: Major recession in 2013
Post by: Mark on November 26, 2012, 01:56:01 pm
Morgan Stanley: Major recession in 2013
Global economy likely to be stuck in 'twilight zone'


The global economy is likely to be stuck in the “twilight zone” of sluggish growth in 2013, Morgan Stanley has warned, but if policymakers fail to act, it could get a lot worse.

The bank’s economics team forecasts a full-blown recession next year, under a pessimistic scenario, with global gross domestic product (GDP) likely to plunge 2 percent.

“More than ever, the economic outlook hinges upon the actions taken or not taken by governments and central banks,” Morgan Stanley said in a report.

Read the full story › http://www.cnbc.com/id/49898014


Title: Re: Morgan Stanley: Major recession in 2013
Post by: Kilika on November 27, 2012, 03:01:30 am
Think about this for second. All this financial mess in reality is nothing but a paper trail, paper losses. Where exactly has been the actual cash loss? At the consumer level, having less cash to spend as a result of all this.

In reality, these losses are on paper, investments that tanked, etc, investments gone bad, but it's still a loss on paper. It's vapor wealth, just like a stock going up or down. On paper, you lose value, but you haven't lost a dime of cash, and that is the big scam of it all. They are chasing losses that only exist on paper, so they hike real world prices, taking in more and more real cash from consumers, and in return they tell the consumer their paper wealth is not worth as much. Talk about a scam! ::)