Wiedmann highlights short-term fixes for long term problems as a key headwind facing the global economy.
'The cracks in the financial system have been papered over and may not become critical for some time. Crucially, central banks will do all they can to prevent another recession. Policymakers will focus on short-term fixes and try to muddle through,' Wiedmann said.
€750bn will not fix the Europe problem
Most notably Wiedmann argues the recent €750 billion stabilisation fund agreed by the EU, IMF and ECB will not solve the long-term structural problems in the eurozone or the unsustainable debt burdens of the 'PIGS' - Portugal, Italy, Spain and Greece.
He said this put a big question mark over the future of the euro. 'The lack of unity among politicians and central bankers suggests a durable solution to deal with large structural deficits in many countries is still a long way off. Against that backdrop, and in a climate of risk aversion, we maintain our preference for the US dollar over the euro.'
Obama gives Israel the green light to kill whomever and the U.S market surges. I was right.
ReplyDeleteIsraels thank to Obama.
This reminds me of the 1st Gulf "war". As the Iraqi troops were retreating back to Iraq, they were blowing up the oil fields. It was kind of like "if I can't have it, nobody can".
ReplyDeleteThis oil gusher, not "spill" will kill off the Gulf and make it unsafe to live within 100 miles of the Gulf coast.
If this dose not anger the people into action, I don't know what will. As for me, if I see a Blue Helmet on USA soil, he won't live very long.
To all you folks that keep posting "we're doomed", "we're done", "we're finished", please stop whining and get ready to fight.
I have said this before, using Los Angeles as an example. The population of greater Los Angeles is about 10 million. The total number of "door kicking cops" in Los Angeles is just under 10,000. If the citizens decided to fight, the cops could do NOTHING to stop it. Now, think about that on a Nationwide scale.
Look at that smugness. It just radiates from that photo. Make sure you get my good side you GMO eating, chemtrail breathing, fluoride ingesting slave. Muhah ha ha!
ReplyDeleteThis reminds me of the 1st Gulf "war". As the Iraqi troops were retreating back to Iraq, they were blowing up the oil fields. It was kind of like "if I can't have it, nobody can".
ReplyDeleteThink it over.
Seek the truth from facts not war propaganda.
to cover for american destruction of the infrastucture and oil based Economy of Iraq in order to make them dependent on foreign capital and oil companies Who were following the troops into Iraq.
Its the same story about the Iraqis being "deliberately resonsible for the Oil spill in the Persian Gulf.
Saddam done it !
Not American bombing.
That was the americans saying "oil income you can not have it".
Itnow belongs to American capital.