Top 10 Warning Signs Of A Global Endgame
EconMatters
BusinessInsider.com
July 2, 2012
What a difference a year has made! About this time last year, the dollar seemed on the brink of disaster amid the debt ceiling debate at U.S. Congress. U.S. CDS spiked 430% in three months, and S&P downgraded the U.S. sovereign debt credit rating for the first time in history. At the time, Euro crisis looked could be contained, and China’s growth story was largely intact to still fuel the world GDP. So it was of little surprise that the dollar collapse was ranked as the top global risk last year (See Table Below) that could put the world into a tailspin.
Now, one year later, while conflicts within and with the Middle East region are still among the top global risks, the paradigm has definitively shifted to China and Europe (See Table and Chart Below). Among the top 10 global risks this year, we see ‘Sharp Slowdown in China’ as the most clear and present danger to the world.
The Rest…HERE
