It has been said that there is now a more than 50% chance of a 2nd recession in the US.Are the governments running out of rabbits in their hats? What is being said about the downgrading of the US sovereign debts?
'Is America still the stable, reliable country it once was, or is Standard & Poor's economic analysis US$2 trillion off the mark.' Check out the original article by Professor Paul Krugman.
Professor Nouriel Roubini , 'The S&P's downgrade of US sovereign debts has added to global financial stress and significantly increased the risk of a double dip recession, aggravated by the sovereign debts of Spain and Italy.'Leehwa : How low and how long will it go? How far and wide is its reach?Is it too soon to be accumulating stocks here in Malaysia? We are not immune to a global recession. Who is going to do the rescue?
Quote Philip Finch, a global bank strategist for UBS, 'What we need is comprehensive, co-ordinated and credible plan', to get over this turmoil.
Click for more : New York Times.com/2011/08/11_Financil Turmoil
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