Brace yourself for 2012 recession: Charles Dumas
Lombard Street Research’s Charles Dumas says the global economy will fall into recession and China won’t be able to help. US equities are best poised to lead investors to recovery.
American belt-tightening will tip the global economy into recession in 2012, predicts Charles Dumas, independent economist and chairman of London-based Lombard Street Research.
Over the medium term, however, US equities will prove the most resilient asset class and will be the first to anticipate a recovery.
His analysis is that Washington is going to tighten its belt. Dumas says developed economies need to reduce their debt burdens by 2% of GDP in 2012. This is likely to lead t…
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