12-03 :: March/April 2012

nanotimes Trends Quotes

“Let‘s just get this right. Europe has a currency crisis. If you want to fix Europe you need to make these na- tions autonomous in the Euro or some other currency of their own.”

Cullen Roche: Europe‘s Balance Sheet Recession Is A Symptom, In: seekingalpha.com

Cullen Roche is the founder of Pragmatic Capitalism, http://pragcap.com

“China’s debt driven and investment fuelled growth is now vulnerable. There is a significant amount of unproductive investment and mis-allocated capital. Some of this will manifest itself in the form of bad loans.”

Satyajit Das: “All Feasts Must Come to an End” – China’s Economic Outlook, In: Eurointelligence, March 11, 2012. Das is author of Extreme Money: The Masters of the Universe and the Cult of Risk:

http://www.eurointelligence.com/eurointelligence-

“If anything, the negative impact of sky-high commo- dity prices on the larger economy is underestimated. The price of oil rose sharply before ten of the eleven postwar recessions in the United States, including a spike of nearly 60 percent in the twelve months before the Great Recession of 2008 and more than 60 percent before the economy lost momentum in mid-2011.”

Ruchir Sharma: The Next Global Crash: Why You Should Fear the Commodities Bubble In: The Atlantic, April 16, 2012: Ruchir Sharma is the head of emerging markets at Morgan Stanley; Author of Breakout Nations: In Pursuit of the Next Economic Miracles.

news/macro/singleview/article/all-feasts-must-come-to-an- end-chinas-economic-outlook.html

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