ALERT: Titanic Economy WARNS Top Global Bank

HSBC WARNS: The World Economy 

Faces a 'Titanic Problem'

HSBC chief economist Stephen King is already thinking about the next recession.

In a note to clients Wednesday, he warns: "The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers."

Here's King (emphasis added):

Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery — both in the US and elsewhere — has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of 5 percentage points. That kind of traditional stimulus is now completely ruled out. Read More

Remember When?  ... Once More...

INVESTORS' INSIGHTS  - "Today's Edge" 

Since 2008, we have been warning so-called global industry captains that their is a HUGE economic iceberg in our path .Now the HSBC Titanic "does not" think that we if  just re-arrange the deck chairs we can avoid its certain fate. For sure, the band plays on -

"Once more... " 

International Offices
May 16, 2015