But
first, here is what Mish, who runs the Global Economic Analysis site, had to say
regarding the plunge in economic activity: “We are seeing a decline in
the global economy. China has slowed down dramatically, so any commodity
exporters which export to China are slowing down as well. We’re already seeing
this happen in countries like Australia. We are also starting to see the
Australian housing market begin to crash.”
Thursday, September 13, 2012
Global Economic Plunge, Money Creation & Soaring Gold
"Today
Mish warned King World News that investors should prepare, “... for a big plunge
in economic growth worldwide.” Mish also said that despite the plunge in the
global economy, “I expect to see gold breakout to the upside and I think we are
starting to see that right now. The same thing is true for
silver.”
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