As Global Asset Bubbles Implode, Synthetic Economies To Enter Monstrous Worldwide Depression

"On the heels of a wild trading week, today one of the top economists in the world sent King World News an incredibly powerful piece warning that as asset bubbles implode, synthetic economies will enter a monstrous worldwide depression.  Below is the fantastic piece from Michael Pento.

By Michael Pento of Pento Portfolio Strategies

July 12 – (King World News) – Amid an intense global economic slowdown that began in 2008, China’s economy amazingly appeared to be unaffected. Defying the worldwide real estate collapse, China’s GDP grew by an impressive 8.7 percent in 2009. Fueled initially by a $586 billion stimulus package, China would end up plowing an additional $20 trillion into a fixed-asset bubble that was designed to produce the government’s desired GDP print…."

at http://kingworldnews.com/as-global-asset-bubbles-implode-synthetic-economies-to-enter-monstrous-worldwide-depression/