British Pound in for a Sharp Fall? | WHAT REALLY HAPPENED


British Pound in for a Sharp Fall?

And when confidence wanes, capital flees … a surefire recipe for falling dominoes. That’s especially true in the wake of a deep global recession that has left many countries with bloated deficits and debt loads.

Despite the European leadership’s attempt to lessen the sense of urgency in the euro zone and despite the ambitious plans rolling out to shave outsized deficits, the problems with governments’ finances are not finding a resolution.

More likely, it’s just the beginning of another major destabilizing force for the global economy. And the result is looking more like another bout with recession … or perhaps depression.

Webmaster's Commentary: 

The "Let's think happy thoughts" theory of economic recovery has flopped.

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