Economy definately getting out of hand.

More than onehundred municipalities and states in USA on the verge of economic collapse .

Crude oil price surging fueled by Asia strong growth , makes west recovery much more difficult , while some economies of this part of the planet struggle to cope with deficits in angush .

Social unrest and political discredit is further bleeding countries suffering from stangflation in a worsening spiral trend .

The dollar furiously pressed downwards is even confusing gold . Money does not know where to go . Volatility is in charge .

For the time being the only instrument that may stop dollar from deteriorating deeply , is the potential default of some of the european PIGS . Thus Germany and France doubts on rescue packages .

China perceives the situation and should help stability in exchange for more power in world institutions .

2011 is going to be a year to remember .


Published in: on enero 22, 2011 at 5:46 pm  Deja un comentario  

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