Is Britain on the Brink of Financial Armageddon? - By James Palumbo, Mail Online (30/11/09) PDF Print E-mail
By James Palumbo, Mail Online   
Sunday, 29 November 2009 17:17

He's one of our top entrepreneurs who recently put all his investments into cash. The reason: He believes Britain faces bankruptcy. You may disagree with his bleak analysis but you can't afford NOT to read it

A year ago, the world reacted with astonishment as Iceland technically went bust. It seemed inconceivable that a modern democratic nation could have such parlous finances that only an emergency $6billion bail-out from the International Monetary Fund enabled its economy to keep functioning.

This week, we witnessed a similar crisis in the Middle East but on a far, far more dangerous scale, as Dubai effectively defaulted on £48billion of loans.

Unless its more prudent and oil-rich neighbour, Abu Dhabi, launches a rescue plan then Dubai - once a gilded monument to financial success - will effectively be insolvent.



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How And Why China Will Flood The Gold Market - By Jeff Clark (27/11/09) PDF Print E-mail
Jeff Clark   
Friday, 27 November 2009 09:04

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Marc Faber Sees War Against An Invented Enemy And A Big Financial Bust - By Mike Shedlock (27/11/09) PDF Print E-mail
Mike Shedlock   
Friday, 27 November 2009 08:56

Globaleconomictrendanalysis.blogspot.com  

Inquiring minds are reading In his gloomiest prediction yet, Marc Faber sees big financial bust leading to war.

Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor, said eventually there will be a big bust and then the whole credit expansion will come to an end. Before that happens, governments will continue printing money which in time will lead to a very high inflation rate, and the economy will not respond to continued stimulus.

Speaking at a conference in Singapore on Wednesday, Faber said: "The crisis has not solved anything. On the contrary there is less transparency today than there was before. The government's balance sheet is expanding, and the abuses that have led to the one cause of the crisis have continued".



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Unprecedented Financial Scandal - A Whopping RM 8.4 Billion of Non-Performing Loans - By Matthias Chang (27/11/09) PDF Print E-mail
By Matthias Chang   
Thursday, 26 November 2009 19:11

Why has Bank Negara been keeping quiet all this while?



It is often said that the best time to announce bad news is just before the weekend or public holidays.

So it came as no surprise that CIMB Group Holdings Bhd (the country’s second largest financial group) decided to drop the bombshell that they have on their books a whopping RM 8.4 billion non-performing loans (NPLs) knowing that it will be a long weekend following tomorrow’s public holiday – Hari Raya Haji!  How very clever.

But this scandal will not go away, that’s for sure!



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Can Asset-Price Bubbles Be Harmless? - By Frank Shostak (26/11/09) PDF Print E-mail
Frank Shostak   
Thursday, 26 November 2009 08:54

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