Busted: Bankers and The Global Economy

September 16, 2008

U.S. Banking Decline to Impact Euro

On the list of projections with the financial collapse of Lehman Brother is the resulting decline of the Euro in the European economy. However, European monetary experts are not publicly expecting a decline in European banking. They expect a weakening of growth in the European economy instead.

An ongoing debate has ensued for years about the coupling or decoupling of the U.S. economy from other economies. ‘We already have a tendency towards a worsening of the economy and this can be further enhanced by the current developments… We cannot fully decouple,” said European Central Bank Governing Councilman Ewald Nowotny.

The fear is that the U.S. economy will further move the Euro and the European Bloc into a recession. Strangely, the U.S. authorities still continue to deny a U.S. recession. By implication, even European bankers and economists recognize the reality and the truth of what resides in this nation.

European analysts are growing increasingly concerned that the European economy is now heading towards a ‘technical’ recession, or put more plainly, two consecutive quarters of contraction. Meanwhile, central bankers have already put protection mechanisms into place to protect both their investments and gold on hand at central banks. ~ E. Manning


1 Comment

  1. Despite all the stats, I see a ton of high paying jobs posted on employment sites –

    (professional networking)
    (matches you to the perfect job)
    There are a lot of jobs out there.

    If it is in print CERTAINLY it must be true! As any internet savvy explorer knows, plenty of offers in print are far from legitimate. How much spam do you get every day? Often, job ads are run by headhunters with the desire of creating interest on both sides of the market. There is no job in many cases. How many jobs does a qualified candidate apply for before he gets as much as a phone call. Hundreds? Websites don’t automatically get you jobs or money. Be realistic. Don’t buy into hype and dishonesty. ~E.M.

    Comment by Fred — September 16, 2008 @ 9:23 pm

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