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Royal Dutch Shell plc Message Board

  • turbo031 turbo031 Aug 2, 2012 6:46 PM Flag

    Global Recession

    Investors need to prepare for a global recession.

    That’s the takeaway from one well-respected economist after his recent appearance on CNBC’s Fast Money Halftime Report.

    According to Marc Faber, the author of the Gloom, Boom, and Doom Report, a global recession is all but a certainty later this year or in early 2013.

    When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered:

    “100%.”


    Read more: Faber: '100% Chance' of Global Recession

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    • I am seeing a danger sign here on this latest pullback, I think we close to bigger pullback correction. July 5th was the last time advance decline and percentage of stock above 200 day moving average confirm the SP500. This recent SPX advance half of the stock listing did not tag along, instead it drifted downward, a sign of bearish divergence. I think it is time to clear out of the market for now.

    • Faber is famous for his typically gloomy outlook. That being said, I agree we are headed for a global recession in 2013 - some countries will experience a full blown depression. Will not be conducive to happy financial markets - I'll be in cash before this happens. GLTA

 
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