Sunday, July 11, 2010

Double Dip Recession Likelihood Recedes

According to many pundits in Europe, the US, Canada and some Australians, the likelihood of a double-dip recession is slowly receding. Good news indeed, but is it possible?

Is Greece still likely to have difficulties paying their bills? I believe there are so many unanswered questions still not resolved to make any firmer predictions.

I also worry about those analysts who 'talk up' the market. I just can't believe some of the hype that Wall Street would have us believe.

Until there are more controls put in place and the world's financial institutions are all operating under the same regulated guidelines, there can be no justice for smaller financial institutions which will always be at the mercy of the big boys.

It's time we all stopped being ruled by money.

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