2010 Global Economic Outlook
After a harrowing and catastrophic global recession in 2009 will 2010 bring brighter promises? The world is in recovery, though the healing will most certainly not be quick and best business practices will not resemble anything we have been exposed to over the past 3 generations. In fact, the most traditional business practices are now replacing the most “modern business practices” to put it lightly. So polish off your great grandfather’s diary and get to studying best business practices for 2010 and beyond.
In this issue I will briefly highlight the causal variables of the 2008 global financial collapse and continue on in greater depth about the emerging trends for 2010. I will point to some countries I feel will lead the world out of recession and where I think you should consider putting forth your business energies. On behalf of DCG Advisors worldwide I sincerely thank those of you who took the time to answer our year-end report card survey. In honor of the value you brought to this newsletter I have structured this issue according to your wishes and hope that throughout the year I can continue to improve upon our services to you.
Tags: purchasing power parity, report card survey, traditional business practicesA Deep Recession in a Global Economy
Fear and emotion are the rule every day in the global financial markets. We have seen shock and awe financial bailout plans, the overnight consolidation of many troubled financial services giants, and a liquidity crisis that impacts markets across the globe.
In Germany, the collapse of the rescue plan for Hypo Real Estate may mean a disaster in that country similar to the recent bankruptcy of Lehman Brothers in the United States. Also, consider that in the Netherlands, Ireland, and Greece, bank rescue has become the order of the day while Iceland is in the middle of an economic meltdown.
Recently, South Korea urged banks to sell foreign assets to raise dollars and promised to use its currency reserves to shield lenders from the financial crisis engulfing the United States and Europe. Meanwhile, National Australia Bank continues to lose value due to worldwide concern about the resilience of the financial system and China’s economy will not escape an economic slowdown if its exports are hit by this widening world recession
Tags: bailout plan, financial bailout, national australia bank