Richemont Chairman Warns Global Economy Is “Very Precarious… There Will Be Tears”

Tuesday, December 3, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/03/2013

While most of the world’s elites are bathing in a sea of liquidity and propagandizing the status quo to keep the dream alive, Richemont Chairman Johann Rupert has unleashed a torrent of uncomfortable truthiness this morning:

*REMGRO CHAIRMAN RUPERT ‘VERY CONCERNED’ ABOUT GLOBAL ECONOMY
*GLOBAL ECONOMY ‘VERY, VERY PRECARIOUS,’ RUPERT SAYS
*WORLD HEADING FOR ‘BIG INFLATION’ OR `BIG DEPRESSION’: RUPERT
*GLOBAL ECONOMY HEADED FOR ‘TEARS’: REMGRO, RICHEMONT CHAIRMAN
*RUPERT SAYS HIS BIGGEST CONCERN IS JOBLESS GROWTH

And while things are good now, the owner of the Cartier brand warned if the global economy doesn’t do well, Richemont is not well positioned.

The Rest…HERE

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