last week, i indicated that the countries in europe, called PIIGS (portugal, ireland, italy, greece, and spain) will cause consumer's retrechment in spendings. this will effect the global economy. the PIIGS have the same problem with mortgages leverages or equities and bubble bonds.
last three weeks, england announced that there are in recession again. greece and spain will probably not pay the austerity from the banks from IMF. today, the top 17 banks in Spain is in trouble and need security or cash. greece, the average person or citizen took money out of the savings and causing a run in the banks.
these global countries are intertwined in regard to equities,bonds, and treasuries. well, today, according to wall street, china last two quarters have been dwindling. the housing bubble is starting to manifest. i would not worry about the PIIGS in their problem. i would worry about the deflation of china consumer demands and the retraction of their economy. they will have domino effects in ASIA countries. since China is like Japan in the 80's like the world banks, their consumer buying power will retract. the China manufactures to slow down and goods will cause deflation. the consumers in the global countries will slow down. since china is vastly the producers for the global goods and provides jobs--the race to the bottoms, their new and dynamic demands of raw materials and commodities will slow downs. hence, their manufacture company will also slow the production and need of their current employees.
today, facebook did an IPO and did not raised the stocks as much with all the hypes from the market. europe problems rattled the global market today and in the future. watch out newbie in price elasticity of cattle prices since consumer are retracting.
last three weeks, england announced that there are in recession again. greece and spain will probably not pay the austerity from the banks from IMF. today, the top 17 banks in Spain is in trouble and need security or cash. greece, the average person or citizen took money out of the savings and causing a run in the banks.
these global countries are intertwined in regard to equities,bonds, and treasuries. well, today, according to wall street, china last two quarters have been dwindling. the housing bubble is starting to manifest. i would not worry about the PIIGS in their problem. i would worry about the deflation of china consumer demands and the retraction of their economy. they will have domino effects in ASIA countries. since China is like Japan in the 80's like the world banks, their consumer buying power will retract. the China manufactures to slow down and goods will cause deflation. the consumers in the global countries will slow down. since china is vastly the producers for the global goods and provides jobs--the race to the bottoms, their new and dynamic demands of raw materials and commodities will slow downs. hence, their manufacture company will also slow the production and need of their current employees.
today, facebook did an IPO and did not raised the stocks as much with all the hypes from the market. europe problems rattled the global market today and in the future. watch out newbie in price elasticity of cattle prices since consumer are retracting.