August 23, 200817 yr half the world economy, including the UK, is in recession or on the brink, according to research from Goldman Sachs.The investment bank has warned that the world's major economies, including the US, Japan, the eurozone and the UK, are "either in recession or face significant recession in the months ahead". It also raised fears that the slump could have a profound knock-on effect for China, whose thirst for raw materials and consumer products has been propping up many economies. advertisement<SCRIPT language="JavaScript1.1" SRC="http://ad.uk.doubleclick.net/adj/N3657.THTLGRH/B2977951;abr=!ie;sz=300x250;click=;click=http://ads.telegraph.co.uk/event.ng/Type=click&FlightID=31027&AdID=38247&TargetID=3822&Values=1479&ASeg=&AMod=&Redirect=;ord=bdfuvlf,belanoieNzrnb?"></SCRIPT>The bank's international economist Binit Patel warned: "Given its importance to world growth in recent years, a world recession would in all likelihood involve a hard landing in China." America, the world's largest economy, has so far avoided recession - news that has helped the dollar's recent recovery. However, Goldman warned that the country is now facing a major downturn as the effect of the credit crisis takes its toll, having been delayed for some months by a series of tax cuts and interest rate reductions. France and Germany's economies have shrunk in the second quarter of the year along with Japan's. Meanwhile, many fear that the UK's official statistics will soon show the economy shrinking. Martin Feldstein, the Harvard University economist and former head of the National Bureau for Economic Research - which determines whether a recession is in place - said he was "much more pessimistic than a year ago". David Page, economist at Investec, said: "We are pessimistic about the outlook for the economy, particularly as households continue to be squeezed by high inflation and the credit crisis. We now forecast the first UK recession since 1990-91, starting in the fourth quarter this year. However, with inflation likely to peak in excess of 5pc over the coming months, we think the MPC will not feel able to provide [interest rate cuts] until February next year."
August 23, 200817 yr The page has been stretched so I can't be arsed to read, anyone able to put right?
August 23, 200817 yr The challenge for investors is to figure out what is real and what is an illusion. The U.S. economy is almost flat-lined and I don't see much growth in the near future because there isn't a whole lot of investment capital available. The Wall Street Journal says the stock market is overvalued by at least 20%. For years I have been using direct deposit for my retirement funds. I usually invest in bonds and in reviewing my account, I can see some serious exposure that really concerns me (Lehman Brothers for instance). There are plenty of minefields out there. I'm watching the price of gold. If it hits 700/troy ounce I'm going to dump a lot of money there.
August 24, 200817 yr The page has been stretched so I can't be arsed to read, anyone able to put right? Use the zoom control bottom right, above time, zoom out. Ya possibly need latest IE if it is not there.
August 24, 200817 yr Author The page has been stretched so I can't be arsed to read, anyone able to put right? I ment to post this in Forum Support, when i finished and posted, i noticed this as well, so i was going to edit the post, but there was no Edit facility?????
August 24, 200817 yr The page has been stretched so I can't be arsed to read, anyone able to put right? I ment to post this in Forum Support, when i finished and posted, i noticed this as well, so i was going to edit the post, but there was no Edit facility????? I will post this and see if I have edit facility. Yes I appear to have the edit facility, so unless it has been added recently. Did you go back and try to edit after the time limit allowed? there is only a 15-20 minute time period allocated to edit posts. This disables edits after significant other posts that would disjoint continuity.
August 25, 200817 yr Author The page has been stretched so I can't be arsed to read, anyone able to put right? I ment to post this in Forum Support, when i finished and posted, i noticed this as well, so i was going to edit the post, but there was no Edit facility????? I will post this and see if I have edit facility. Yes I appear to have the edit facility, so unless it has been added recently. Did you go back and try to edit after the time limit allowed? there is only a 15-20 minute time period allocated to edit posts. This disables edits after significant other posts that would disjoint continuity. Went back straight away... let me post this and then see if edit is there... ok, edit button appears to be here now
August 25, 200817 yr half the world economy, including the UK, is in recession or on the brink, according to research from Goldman Sachs.The investment bank has warned that the world's major economies, including the US, Japan, the eurozone and the UK, are "either in recession or face significant recession in the months ahead".It also raised fears that the slump could have a profound knock-on effect for China, whose thirst for raw materials and consumer products has been propping up many economies. The bank's international economist Binit Patel warned: "Given its importance to world growth in recent years, a world recession would in all likelihood involve a hard landing in China." America, the world's largest economy, has so far avoided recession - news that has helped the dollar's recent recovery. However, Goldman warned that the country is now facing a major downturn as the effect of the credit crisis takes its toll, having been delayed for some months by a series of tax cuts and interest rate reductions. France and Germany's economies have shrunk in the second quarter of the year along with Japan's. Meanwhile, many fear that the UK's official statistics will soon show the economy shrinking. Martin Feldstein, the Harvard University economist and former head of the National Bureau for Economic Research - which determines whether a recession is in place - said he was "much more pessimistic than a year ago". David Page, economist at Investec, said: "We are pessimistic about the outlook for the economy, particularly as households continue to be squeezed by high inflation and the credit crisis. We now forecast the first UK recession since 1990-91, starting in the fourth quarter this year. However, with inflation likely to peak in excess of 5pc over the coming months, we think the MPC will not feel able to provide [interest rate cuts] until February next year." You could like I do, press the "Preview Post" buttom next to the "Add Reply" before posting "Boater". Kan Win
August 25, 200817 yr If edit button has gone, just click on reply, go in and edit. Change what you want. Leave message to say it has been edited. No need to tho'. Simple.
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