This is from a about one month ago, but I like to be on the ball about these things. Eric Upin from one of the worlds leading Venture Capitalist companies, Sequoia Capital, spoke at a meeting they organised and laid down a bleak forecast. After recent events we do have to wonder whether the Masters of the Universe know what they are talking, but it stands in contrast to yesterdays UK government announcement of a short recession only lasting into next year. http://venturebeat.com/2008/10/09/more-details-on-sequoias-economic-inconvenient-truth-meeting/ http://venturebeat.com/2008/10/08/r...ng-tells-startups-to-try-to-survive-downturn/ Maybe this came about at a more crazy time for the world economy and things have settled down now
Thing will get worst, all data says so. UK + Germany in total recession next year = all Europe in deep shit.
The longer we put off the inevitable with these bailouts and handouts, the more and more likely the 15-20 year recession model looks. Hey, at least the real recession started a few years ago. Sure, sure, it sucks. The economy is terrible. But by 2015 or 2020, we'll see a boom like this planet has never experienced before. Or maybe we'll ignore the environmental and energy problems (lol CO2 is not the devil, global warming is a huge distraction from the actual poisons we're pumping out of our factories and trash dumps) and slide into a suicidal dark-age. Eh, it should be fun either way.
I read that much of the investment in emerging markets came from investment banks. The investment banks don't really exist anymore. You've got to wonder what effect that will have on India and China.
I hope we go back to the caveman days then all the morons will die off and the world will start with the mastrer race of non morons otherwise we are in a for a bleak future like the movie idiocracy I will not vote "Mountain Dew" as president
LOL What a funny post, please do not post more IMF stuffs. http://www.uschina.org/statistics/tradetable.html