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KWN
With global stock markets plunging and gold rallying, today Art Cashin told King World News that we are on the verge of a broad and dangerous global contagion. He also said that market participants “are looking to raise cash anywhere they can.” Art also commented on the spectacular rally in gold today. Cashin, who is Director of Floor Operations for UBS, which has $612 billion under management, also warned about, [...] KWN With global stock markets plunging and gold rallying, today Art Cashin told King World News that we are on the verge of a broad and dangerous global contagion. He also said that market participants, “are looking to raise cash anywhere they can.” Art also commented on the spectacular rally in gold today. Cashin, who is Director of Floor Operations for UBS, which has $612 billion under management, also warned about, [...]
VERYONE knows that something is wrong. What they do not realize is that this has ALWAYS been a global game.
What are the implications of a global economy? As bizarre as this may sound, everything in economic theory that supports government manipulation and intervention into the domestic economy rests upon theories that the economy is exclusively domestic and takes NOTHING into consideration affecting local events from an external [...] The European sovereign debt crisis which has been gestating for years seems ready to come to a head as the IMF met last weekend in Washington that were dominated by talks about Greece, debt, and the risk of global contagion. Amidst tense talks about the future of the Eurozone in which the idea of allowing Greece to default on its insurmountable half-trillion dollar debt was [...] LONDON — Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, U.K. charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown. “The food system is pretty well bust in the world,” Oxfam Chief Executive Barbara Stocking told reporters, announcing the launch of the Grow campaign as [...] |
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