-- "Everything is fine," such as U.S. Fed President Ben Bernanke's declares.
-- "It is nothing but a sound correction," as some financial experts on
private banks and stock markets would like to make us believe.
-- "Nothing serious since the global economy is sound," according to what some economists pretend in mainstream media.
Others on the contrary conclude to highly negative fundamental trends but they remain vague on how and when.
For
a year now, the readers of GEAB have been able to anticipate step by
step the whole process that led to the current situation.
A year ago precisely, in the second issue of GEAB,
LEAP/E2020's research team anticipated that spring 2006 (and the Fed's
decision to stop publishing M3) would mark the entry into the
triggering phase of a global systemic crisis (namely illustrated by the
bursting of the US housing bubble before summer and by a EuroDollar
exchange rate climbing above 1.30 by the end of the year 2006).
Nine months ago, in GEAB's fifth issue
released in May 2006, they warned that June 2006 would mark the entry
into a phase of acceleration of the global systemic crisis (a few days
later global stocks were recording a first severe blow).
Five months ago, in GEAB N°8,
they predicted that the entry into the phase of impact of the global
systemic crisis would take place in November (just then, the EuroDollar
exchange rate climbed above 1.30).
Four months ago, in GEAB N°9, they described that the US consumer's insolvency (today proven) was about to initiate a recession for the US in 2007.
Three months ago, in GEAB N°10,
they anticipated the beginning of a major crisis in the financial and
banking sector, precisely due to the problem of sub-prime mortgage
loans. In the same issue, they indicated that the year 2007 would
witness the unfolding of a trade war between the US and Asia (in
particular China). Strangely enough, it is from Shanghai that the final
blow was struck on global financial markets which saw their banking and
financial assets plunge).
Two months ago, in GEAB N°11,
they warned that a « very great depression » would crash on the US as
early as spring 2007 (today, even Alan Greenspan is beginning to use
the word “recession”).
A month ago, in GEAB N°12,
they described the sequence of events that would characterise this «
very great depression » in the coming months (ranging from the end of
the Yen-carry trade, to the evolution of US interest rates and the
banking and financial crisis, all themes that fill mainstream media
pages today).
Thus, the readers of GEAB have long
been able not only to reply to questions such as « what lags behind the
current stock crisis ? », but also to get prepared, bearing in mind the
great lines of its unfolding, strategic dates and main consequences,
including each month a new anticipation about the upcoming period of
time.
To bet on markets de facto global, to
anticipate decisions made in a context now international, it is
necessary to get a global picture integrating all the dimensions of the
heavy trends at work all over the planet (economy, finance, strategy,
diplomacy, politics, ...) in order to avoid being “surprised” by great
changes. This is the added-value, one specifically “made in Europe,”
provided each month by GEAB to its subscribers, whether they are
institutional operators or private investors, governments or
international media, experts or simple citizens.
In GEAB's upcoming issue
(GEAB N°13, to be released on March 16th), LEAP/E2020's team of
researchers will provide analyses on the next stages of the crisis
process for their readers to maintain their many month advantage on the
course of events.
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