July 29, 2011
Governments Infected With Debt
World Policy Institute, World Policy Institute
The economic and investment outlook for the second half of the year is rocky. The European debt crisis, U.S. fiscal woes, and inflation in emerging economies remain a problem, and in some cases have taken a turn for the worse. Risks are rising of a major drop in stocks and possibly bonds (resulting in rising yields). The implication could well be a shrinking world economy.
TAGGED: United States, Eurozone