I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Wednesday 5 October 2011

IMF warns global recession in 2012 'can't be ruled out'

BRUSSELS - IMF Europe director Antonio Borges warned on Wednesday that a global recession in 2012 'can't be ruled out', citing a possibility that 'activity will turn downwards'.

The IMF released its economic outlook for Europe in Brussels, at a time when the eurozone sovereign debt crisis is mutating into a new banking crisis, and 'therefore we recommend changing economic policy' away from austerity and back towards stimulus, the 100-page report said.

Mr Borges said there had been a major change in market sentiments in recent months, and 'many investors all over the world became far more risk averse than before'.

He added: 'We still predict growth in 2012, but very modest', with the probability the economy will 'stall' by year-end making recession a live threat, especially in Europe.

Changes in fiscal policy would be required, he said.

'If ever there was a more significant recession in Europe - I hope that is not the case but we cannot exclude it - then we might have changed recommendations.

'All those countries with fiscal leeway might want to consider that,' he said, though he specifically ruled out Italy and Spain. -- AFP

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