in an interview with the weekend australian newspaper, World Bank chief Robert Zoellick warned of a "new and more dangerous" time in the global economy.
he added: "we are in the early moments of a new and different storm, it's not the same as 2008."
mr zoellick said eurozone's debt issues were more troubling.
my comments:
it seems like deja vu once again with shades of the last global financial crisis still fresh in the minds of the many who have realised losses in their investments.
with a 'heavy weight' like the world bank chief, mr zoellick warning of a more dangerous time in the global economy, u can choose to ignore this perhaps at your very own peril.
one thing i have noticed when the markets turn bearish, there will be a focus back on fundamentals and the masses of people usually gravitate back towards wealth protection. after all, in any crisis, there will always be the popular refrain that 'cash is king' and preservation of wealth is key.
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