"The U.S. and other major industrialized economies face more pain ahead, with
the world "in a balance-sheet depression" that could make another credit crisis
likely.
The world economy will go through a period of deleveraging through at least the year 2018. In the meantime, the U.S. is predicted to slip into another recession either in 2012 or 2013, according to a November-December economic report from Simon Hunt Strategic Services, based in Surrey, England.
As this less than optimistic report hits the markets, The Commerce Department is also advising Americans that third-quarter gross domestic product is lower than previously thought, dropping from a 2.5% growth estimate to 2% in the final report..."
at http://www.housingwire.com/2011/11/22/deep-economic-pain-ahead-for-the-u-s-and-the-world-simon-hunt?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
The world economy will go through a period of deleveraging through at least the year 2018. In the meantime, the U.S. is predicted to slip into another recession either in 2012 or 2013, according to a November-December economic report from Simon Hunt Strategic Services, based in Surrey, England.
As this less than optimistic report hits the markets, The Commerce Department is also advising Americans that third-quarter gross domestic product is lower than previously thought, dropping from a 2.5% growth estimate to 2% in the final report..."
at http://www.housingwire.com/2011/11/22/deep-economic-pain-ahead-for-the-u-s-and-the-world-simon-hunt?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
