Solidinvest: economic trends and investment scenarios.
privatebanking.com
December 27, 2008
Private Banking Quo Vadis
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Tags: economic trends, global economic chill, investment scenario, swiss bank
ECONOMIC TREND / INFLATION
The global economic chill persisted throughout the third quarter. The leading indicators suggest that the economic trend will remain sluggish until well in the coming year. Conversely, inflation pressure is likely to ease, and no further interest-rate hikes are in sight in Europe.
The American economic engine is still stalling. As long as the value of real estate keeps eroding, property prices will continue to have a negative impact on the balance sheets of banks and on consumer spending. While the adjustment process in home prices is already far advanced, the demise … Continue Reading