Wednesday, July 25, 2012

MARC FABER : Europe is in Recession

MARC FABER : The global economy has slowed considerably. Europe is in recession, and growth in U.S. GDP might owe more to statistical aberrations than reality. In Asia, the Chinese economy has been decelerating sharply, which impacts China's trading partners and industrial commodity prices. Lower demand for commodities hurts commodity producers, whether in Argentina, Brazil, Africa, or Russia. - in Baron's Roundtable June 2012


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