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WORLD BANK: Markets heading to new danger zone...

By: Decomposed in ROUND | Recommend this post (0)
Mon, 15 Aug 11 7:50 PM | 92 view(s)
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Markets heading to new danger zone: Zoellick

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SYDNEY | Sun Aug 14, 2011 6:53pm EDT

SYDNEY (Reuters) - The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.

Speaking at the Asia Society dinner in Sydney, Robert Zoellick also said the global economy was going through a multi-speed recovery, with developing countries now the source of growth and opportunity

Full story: http://www.reuters.com/article/2011/08/14/us-economy-worldbank-idUSTRE77D0V620110814

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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