....and the metals showing relentless strength, I got this gut feeling the 10th anniversary of 9/11 will be one for the history books as this global financial maelstrom is about to up the tempo.....good luck to all...bd
Jim Sinclair’s Commentary
The Panic button is close.
China central banker warns global economic risks increasing
BEIJING | Thu Sep 1, 2011 8:45pm EDT
(Reuters) – The global economy faces risks from both slowed growth and persistent inflationary pressure, which is spilling over from emerging to advanced economies, Ma Delun, a vice-governor at China’s central bank, said in comments reported on Friday.
The People’s Bank of China vice-governor’s gloom about world economic prospects echoed earlier comments from Chinese Premier Wen Jiabao, underscoring that Beijing policy-makers are not counting on major foreign markets to recover quickly.
Ma told a financial forum in far western China on Thursday that slower growth in the United States, Europe’s debt problems, and Japan’s poor economic performance were adding to those global risks, the China News Service reported.
"The long-term fiscal sustainability of the United States faces challenges, the European sovereign debt crisis continues to fester, and the Japanese fiscal deficit is growing," the report cited Ma as saying.
"Government debt risks have become a major challenge affecting the global economic recovery," he added.
Ma also warned that "some emerging economies are feeling the consequences of policy contraction, and their rates (of growth) are slowing, and downstream risks to the global economy are increasing," the report said.
