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Smart Economy (Free subscription) | 11/23/2009
... banking system.) The latest to go public with warnings to its customers is the French bank Société Générale who has advised wealthy clients to be ready for a possible "global economic collapse" over the next two years, according to The Telegraph in the UK . They should know since they have been around the recession/depression block several times since their startup in 1863. In a 68-page...
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Climateer Investing (Free subscription) | 11/23/2009
I wondered where Albert was. From FT Alphaville: The perfect riposte to Monday’s equity market rally has arrived: the latest Global Strategy Weekly from Soc Gen’s Albert Edwards. And while the headline rather gives things away, here are some selected highlights for all the bears out there. (NB Edwards has just returned from a two week trip to Asia). I think the next 18 months will see major...
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Key West Diary (Free subscription) | 11/21/2009
Societe Generale is not a company name many of us had heard of but it is making the rounds now as it's crystal ball gazers are predicting a high likelihood of "economic collapse" in the next couple of years. That kind of prediction by Europe's answer to Goldman Sachs gets people's attention. The fact that their primary language is French may lead one to dismiss their predictions as...
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[Д♠] Impact :: [Д♠] Sex & War (Free subscription) | 11/20/2009
“Today, people are beginning to understand that the government's account is overdrawn, that a piece of paper is not the equivalent of a gold coin, or an automobile, or a loaf of bread—and that if you attempt to falsify monetary values, you do not achieve abundance, you merely debase the currency and go bankrupt.” —Ayn Rand, ‘Moral Inflation’ For the uninitiated,...
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The Intelligence Daily (Free subscription) | 11/20/2009
Related: Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating...
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The Economic Populist (Free subscription) | 11/20/2009
Commodities Bugs are ecstatic with the French firm Societe Generale's Worst Case Debt Scenario Report. Read the entire report. On the first page you will see as the number one thing to do to project yourself: Sell your dollars Not good when the U.S. dollar is the international as well as reserve currency and upon which American's purchasing power relies as well. This is a Doomsday Report. Additionally,...
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prudent investor newsletters (Free subscription) | 11/20/2009
One of Europe's major financial institutions, the Société Générale, in a recent study "Worst Case Debt Scenario" highlighted on the risk of a possible government debt induced crisis that could lead to another global economic collapse. According to their worst case scenario , one's investment profile should consist of: - Sell the dollar as a declining dollar could...
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The Localizer (Free subscription) | 11/19/2009
See article here: http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html Editor: Another ouch in MSM....how worried are you now?
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Connecting the Dots in the New World Order (Free subscription) | 11/19/2009
Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.' Read more...
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The Cynical Economist (Free subscription) | 11/19/2009
From Telegraph UK By Ambrose Evans-Pritchard Société Générale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last...
3Vote!
The Telegraph (Free subscription) | 11/18/2009
Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years.
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What Really happened (Free subscription) | 11/18/2009
In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog...
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LATICONOMICS (Free subscription) | yesterday
A spat among professional networks Class war Does local beat global in the professional-networking business? Untold billions, five contacts IN THE three-way fight between the biggest online professional networks—America’s LinkedIn, France’s Viadeo and Germany’s Xing—this week the French contender scored a victory. Last year LinkedIn had struck a deal with Apec, France’s...
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Institutional Financial Derivatives (Free subscription) | yesterday
... that would have been worth far less if A.I.G. had defaulted. Goldman Sachs, Merrill Lynch, Société Générale and other banks were in the group that got full value for their contracts when many others were accepting fire-sale prices. On the question of whether this payout was what the report describes as a “backdoor bailout” of A.I.G.’s counterparties, Mr. Barofsky concluded: “The very design...
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Vietnam Business Finance (Free subscription) | yesterday
... trying deflect the pressure on the dong," said Patrick Bennett, foreign-exchange strategist with Societe Generale. "The pressure was forcing the central bank to run down its dollar reserves. It's the appropriate thing to do.. It's a good move."The central bank will also narrow the trading band of the dollar against the dong to 3% Thursday from the current 5%. That means commercial banks...
