January 16, 2016

Société Générale Bank joins RBS in warning of an impending global financial crisis

Albert Edwards, strategist at Société Générale Bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he said, it could lead to the collapse of the Eurozone.

"Developments in the global economy will push the US back into recession. The financial crisis will reawaken. It will be every bit as bad as in 2008-09 and it will turn very ugly indeed. Can it get any worse? Of course it can."

http://www.ibtimes.co.uk/societe-generale-seconds-rbs-doomsday-prophecy-predicts-collapse-eurozone-1537621

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