CNBC: Citi: World economy seems trapped in ‘death spiral’
The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
"The world appears to be trapped in a circular reference death spiral," Citi strategists led by Jonathan Stubbs said in a report on Thursday.
Read more ....
Update: Citi: 'We Should All Fear Oilmageddon' (Bloomberg)
WNU Editor: President Obama has a different point of view .... Obama touts economic record, rips GOP's 'doom and gloom' (The Hill).
3 comments:
The US economy is a mirror image of the F-35 program...
The critics have gone all out to kill the F-35 program. This all out blitz reminds me of the saying "thou doest protest much." With such extreme over the top protests it leads me to wonder is this thing really the best thing since warm bread.
What does seem clear is the F-35 clearly has NOT been and will NEVER be what its supporters led people to believe. The plane is trying to be a jack of all trades. When one tries to be a jack of all trades they end being a master of none and the program should have been killed along time ago. Without such hysterical opposition it probably would have been.
The US economy does seem a bit like the F-35 program in many ways. Of all of the major powers, Russia, China, the US, and India the US faces far greater challenges than these other countries do. In the case of Russia, low oil prices and sanctions are only temporary. As for the US, it's issues are structural and far deeper.
Everyone in the DNC and the Pentagon talk a good game.
How could they fail?
http://www.dau.mil/
http://icatalog.dau.mil/onlinecatalog/tabnav.aspx
Post a Comment