There has been an unwanted delay created by government of western world to declare an economic world declining into recession. For past few weeks, the European countries especially France tried to stop short selling in banking stocks but the results don't seem to favor the cause. The systematic deficiency in huge leverage taken by the debt world cannot be overlooked by banning short selling. Again my argument is strongly against wrong addressing of issues by bureaucratic authorities. The demise of capitalism is substantiated by government's wrong acts. I could see double dip recession very much there with US dollar losing its value if Quantitative Easing is done the third time.
In oil market, Brent and WTI Crude have already shown steep fall and there will be now shock if it comes off drastically with gold going up. With no buying capacity the oil products might take a dip down. The economic indicators are still not worse but there is a huge scope of situation worsening to an unimaginable level. No Economy in world is able to get proper growth with these debt issues.
Trade well and be sure.
No comments:
Post a Comment