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HSBC WARNS: The world economy faces a 'titanic problem' - Who's to blame?
05-13-2015, 05:36 PM
Post: #1
HSBC WARNS: The world economy faces a 'titanic problem' - Who's to blame?
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0
How many bailouts for banks did Americans fund? Only thing that happened was the rich indulged for more homes and bigger boats and planes. Following the tabloids and sporting events it is easy to see how no one is caught up in the wars since they aren't mentioned by their idols - what a shame. Not one has stood up to say stop the wars - they all make money on it! Silence on Gaza - Yemen - Syria - Libya - Pakistan - Afghanistan - reflects those with and without hearts about people and nations being bombed to death.

Now the same banks who have been found guilty of so many crimes have got what they need - gold. Reset button on the way!

HSBC chief economist Stephen King is already thinking about the next recession.

In a note to clients Wednesday, he warns: "The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers."

Here's King (emphasis added):

Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery — both in the US and elsewhere — has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of 5 percentage points. That kind of traditional stimulus is now completely ruled out.
http://www.businessinsider.com/hsbcs-ste...omy-2015-5

City of London Money Laundering * SCARFACE * HSBC BILLION DOLLAR SYNDICATE FBI DEA Biggest Case

2011 - HSBC Offshore Accounts * CLIFFORD CHANCE * SLAUGHTER & MAY * FBI Los Angeles Biggest Fraud Case

Thinker, proud member of Realist News since Nov 2013.
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05-15-2015, 06:56 AM
Post: #2
RE: HSBC WARNS: The world economy faces a 'titanic problem' - Who's to blame?
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No one and every one, We can not blame world leaders or critics for that but good thing is that we have capabilities to monitors it an everyone together can deal with it. United we stand divided we fall.

runnerquarterly, proud member of Realist News since Apr 2015.
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