Ten warning signals which might surprise you about the world economy Gold is brought as a hedge against economic instability. But with cracks appearing in the world economy and the gold and silver prices steadily rising, is it time to protect your wealth with gold? Heres a summary of the current warning signs you should know for the world economy: 1. The Bank of international settlements has warned dangerous asset bubbles are forming 2. The US economy contracted by 2.9% in the first quarter of 2014 3. Inflation in Japan is increasing at its fastest rate for 32 years 4. Unemployment in France has reached an all-time high 5. The unemployment rate in Greece is running at 26.7% 6. France questions the dominance of the US Dollar 6. Italys economy shrank by 0.1% in the first quarter of 2014 7. Argentina failed to make a $539 million debt repayment 8. Last month mortgage approvals in the Eurozone declined at its fastest ever rate 9. The European Central Bank introduced negative interest rates 10. Bulgaria is trying to calm down a number of bank runs which is threatening to spiral out of control
Posted on: Thu, 10 Jul 2014 15:05:53 +0000
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