US pensions go bust, gold crashes, China flops, Bunds soar, predicts Saxo (in 2010?)

Posted by admin / Under Saxo Bank

US pensions go bust, gold crashes, China flops, Bunds soar, predicts Saxo America’s Social Security Trust Fund will go bankrupt; both gold and the Japanese yen will crash; and China’s currency will devalue as bad loans catch up with the over-stretched banking system -- all in the course of 2010. By Ambrose Evans-Pritchard Published: 3:28PM GMT 17 Dec 2009 The annual “Outrageous Predictions” of Denmark’s Saxo Bank are not for the faint-hearted, though there is good news for some. Chief economist David Karsboel thinks the US trade balance may go into surplus for the first time since the mid-1970s, benefiting...

Published on Thursday 9th of February 2012 12:04:13 AM

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