Busted: Bankers and The Global Economy

February 3, 2008

Doom Despair and Agony on Me…

Filed under: banking, federal reserve, investment, money, politics — Tags: , , , , , , , , — digitaleconomy @ 12:09 am

Now we are talking about the Mayans and the end of civilization…

“The biggest shock is still waiting in the horizon that can send chill though nerves of the Federal Reserve. In spite of very low short-term interest rate, long term 10-year note yield can skyrocket between now and year 2012. That will depress the whole world economy and the financial meltdown will cause deep depression in the whole world.”

Nice observations India Daily News…but lets face it, lots of things will happen in the world between today and 2012 and perhaps even a few good things. Rest assured the Mayans will have nothing to do with it. If you want to know more about the Mayans and the end of civilization debate, be sure to catch the History Channel.

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