Despite the persistent Euro debt crisis coverage, there are other risks that we must bear in mind heading into 2012. In his latest client note David Rosenberg elaborated on 5 of the biggest risks heading into the new year. Aside from the EMU debacle, he cites oil prices and an ignorant American political charade as the greatest risks. I’d only add that a Chinese slow-down is still very much a risk to the global economy.
Europe must urgently fix its banks and deal with its debts, British Prime Minister David Cameron said, warning that the euro zone crisis risked harming Britain's economy and stunting global growth. ||| Europe must urgently fix its b... Read Post
The euro zone debt crisis is the leading danger for the global economy and any worsening will likely lead to even weaker world growth, the United Nations said. ||| The euro zone debt crisis is the leading danger for the global econo... Read Post