Global Assets Lost $50 Trillion
Posted: March 22nd, 2009, 11:28 am
Closer to $100 Trillion, if they counted ALL the countries, They have stolen from!
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Global Financial Assets Lost $50 Trillion Last Year, ADB Says
http://www.bloomberg.com/apps/news?pid= ... worldwide#
By Shamim Adam
March 9 (Bloomberg) -- The value of global financial assets including stocks, bonds and currencies probably fell by more than $50 trillion in 2008, equivalent to a year of world gross domestic product, according to an Asian Development Bank report.
Asia excluding Japan probably lost about $9.6 trillion, while the Latin American region saw the value of financial assets drop by about $2.1 trillion, said Claudio Loser, a former International Monetary Fund director and the author of the report that was commissioned by the ADB. The report didn’t give a breakdown of asset declines in other regions. [SEE! They don't know how to do a complete set of book keeping, do they?]
“The loss of financial wealth is enormous, and the consequences for the economies of the world will unfortunately commensurate,” said Loser, now the Latin American president of strategic advisory firm Centennial Group Inc.. “There are serious economic and political stumbling blocks that may well cause the recovery to be costly and slow to consolidate.” [They want to “slowly consolidate” the “recovery? That is what that “Loser” said. Right?]
Some of the world’s biggest financial companies including Lehman Brothers Holdings Inc. and Merrill Lynch & Co. have collapsed as banks and other financial institutions reported almost $1.2 trillion of losses and writedowns since the start of 2007. Global stock markets lost about $28.7 trillion in 2008, and another $6.6 trillion has been wiped from the value of world equities in 2009.
[ Ah, that is just a little over 70 + days, RIGHT? So is that 90 BILLION PER DAY? Chump change?]
“Poor macroeconomic and regulatory policies allowed the global economy to exceed its capacity to grow and contributed to a buildup in imbalances across asset and commodity markets,” Loser said. “The previous sense of strength and invulnerability is now gone.” [WRONG, HWBu$h's de-regulating the US banking INDUSTRY, opened the door on Pandora’s Bank Vault that caused the . . . .
Global Recession
The global economy is likely to shrink for the first time since World War II, and trade will decline by the most in 80 years, the World Bank said yesterday. Its assessment is more pessimistic than an IMF report in January predicting 0.5 percent global growth this year. [Now the World Bank “SPEAKS!” Best listen UP!]
Developing nations will bear the brunt of the contraction and they will face a shortfall of between $270 billion and $700 billion to pay for imports and service debts, the Washington- based World Bank said. [Talking Banks scare me! They talking "service debts" which are IMF tax, debts, on interest, on borrowed fake money to pay debts?]
“This crisis is the first truly universal one in the history of humanity,” former IMF Managing Director Michel Camdessus said at an ADB forum in Manila today. “No country escapes from it. It has not yet bottomed out.” [Make sure you didn't miss that guote!]
Growth in 2009 may drop by half in developing and emerging countries, and a recovery in the global economy may only begin late this year or in early 2010, Loser said. Developing nations, which mostly escaped the earlier effects of the credit crisis, are facing more problems as the downturn worsens, the report said.
‘Mounting Difficulties’
“Emerging economies were initially able to absorb the initial impact of the crisis on account of the considerable progress in recent years in consolidating economic performance,” Loser said. “This group of countries is experiencing mounting difficulties. Policy makers will thus need to find a balance between economic stimulus and financial stability.” [Have to be an IVY league taught listener to comprehend that “double speak!”]
Asia is likely to recover with “vibrant” growth once the crisis recedes in 2010, Manu Bhaskaran, the Singapore-based head of economic research at Centennial Group, said in a separate report for the ADB released today. South Asia’s growth prospects “remain good,” he said. [YAH! what's he smoking? I don't want any!]
“Asia is mainly suffering a cyclical slowdown because of problems in the developed economies, it is not suffering a structural economic breakdown,” Bhasakaran said. “There is no reason to think that the growth engines that have been unleashed in many parts of Asia are likely to weaken.” [You have to realize that he is not talking about the economy’s of the "people," but the Federal Central Banking “engines” that have been U.N.-leashed!]
Capital Flows
Net capital flows to emerging markets may fall to $165 billion this year, from $470 billion in 2008 and a record $930 billion in 2007, Loser said, citing estimates from the Institute for International Finance. Net flows to emerging Asian economies may drop by 80 percent from the peak in 2007, he said. [And he is in the know! He could more than likely “speculate” within hundreds of dollars, but it is NOT "speculation," it is “manipulation!”]
"Protectionist measures by countries to prevent a deeper fallout from the global downturn won’t work, Loser said. [People kiss your “assets” good buy! That IS the headline! And NOTHING GOING TO WORK! . . . Now he sounds like a winner, and NOT a Real "Loser?" Big UPTURN for him!]
“There is no room for denial or populist policies,” Loser said. “Otherwise the crisis will become even deeper and harder to reverse.” [1. “No room for popular policies or for denial” of the One World Financial System, they will just make it worse by resisting! 2.That was not a warning, that was a TREAT!]
To contact the reporter on this story: Shamim Adam in Singapore at [email protected] [I just be the “commenter!”] Last Updated: March 9, 2009 00:01 EDT
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So do you have the "mendacity" to think THEY are going according to your “opinions" and or your Time schedules on the world economy meltdown ?” LOL!
Do you really "think" that "they" are going to postpone the collapse, because you are NOT ready for a collapse?
++++++++++++++++++++++++++++
Global Financial Assets Lost $50 Trillion Last Year, ADB Says
http://www.bloomberg.com/apps/news?pid= ... worldwide#
By Shamim Adam
March 9 (Bloomberg) -- The value of global financial assets including stocks, bonds and currencies probably fell by more than $50 trillion in 2008, equivalent to a year of world gross domestic product, according to an Asian Development Bank report.
Asia excluding Japan probably lost about $9.6 trillion, while the Latin American region saw the value of financial assets drop by about $2.1 trillion, said Claudio Loser, a former International Monetary Fund director and the author of the report that was commissioned by the ADB. The report didn’t give a breakdown of asset declines in other regions. [SEE! They don't know how to do a complete set of book keeping, do they?]
“The loss of financial wealth is enormous, and the consequences for the economies of the world will unfortunately commensurate,” said Loser, now the Latin American president of strategic advisory firm Centennial Group Inc.. “There are serious economic and political stumbling blocks that may well cause the recovery to be costly and slow to consolidate.” [They want to “slowly consolidate” the “recovery? That is what that “Loser” said. Right?]
Some of the world’s biggest financial companies including Lehman Brothers Holdings Inc. and Merrill Lynch & Co. have collapsed as banks and other financial institutions reported almost $1.2 trillion of losses and writedowns since the start of 2007. Global stock markets lost about $28.7 trillion in 2008, and another $6.6 trillion has been wiped from the value of world equities in 2009.
[ Ah, that is just a little over 70 + days, RIGHT? So is that 90 BILLION PER DAY? Chump change?]
“Poor macroeconomic and regulatory policies allowed the global economy to exceed its capacity to grow and contributed to a buildup in imbalances across asset and commodity markets,” Loser said. “The previous sense of strength and invulnerability is now gone.” [WRONG, HWBu$h's de-regulating the US banking INDUSTRY, opened the door on Pandora’s Bank Vault that caused the . . . .
Global Recession
The global economy is likely to shrink for the first time since World War II, and trade will decline by the most in 80 years, the World Bank said yesterday. Its assessment is more pessimistic than an IMF report in January predicting 0.5 percent global growth this year. [Now the World Bank “SPEAKS!” Best listen UP!]
Developing nations will bear the brunt of the contraction and they will face a shortfall of between $270 billion and $700 billion to pay for imports and service debts, the Washington- based World Bank said. [Talking Banks scare me! They talking "service debts" which are IMF tax, debts, on interest, on borrowed fake money to pay debts?]
“This crisis is the first truly universal one in the history of humanity,” former IMF Managing Director Michel Camdessus said at an ADB forum in Manila today. “No country escapes from it. It has not yet bottomed out.” [Make sure you didn't miss that guote!]
Growth in 2009 may drop by half in developing and emerging countries, and a recovery in the global economy may only begin late this year or in early 2010, Loser said. Developing nations, which mostly escaped the earlier effects of the credit crisis, are facing more problems as the downturn worsens, the report said.
‘Mounting Difficulties’
“Emerging economies were initially able to absorb the initial impact of the crisis on account of the considerable progress in recent years in consolidating economic performance,” Loser said. “This group of countries is experiencing mounting difficulties. Policy makers will thus need to find a balance between economic stimulus and financial stability.” [Have to be an IVY league taught listener to comprehend that “double speak!”]
Asia is likely to recover with “vibrant” growth once the crisis recedes in 2010, Manu Bhaskaran, the Singapore-based head of economic research at Centennial Group, said in a separate report for the ADB released today. South Asia’s growth prospects “remain good,” he said. [YAH! what's he smoking? I don't want any!]
“Asia is mainly suffering a cyclical slowdown because of problems in the developed economies, it is not suffering a structural economic breakdown,” Bhasakaran said. “There is no reason to think that the growth engines that have been unleashed in many parts of Asia are likely to weaken.” [You have to realize that he is not talking about the economy’s of the "people," but the Federal Central Banking “engines” that have been U.N.-leashed!]
Capital Flows
Net capital flows to emerging markets may fall to $165 billion this year, from $470 billion in 2008 and a record $930 billion in 2007, Loser said, citing estimates from the Institute for International Finance. Net flows to emerging Asian economies may drop by 80 percent from the peak in 2007, he said. [And he is in the know! He could more than likely “speculate” within hundreds of dollars, but it is NOT "speculation," it is “manipulation!”]
"Protectionist measures by countries to prevent a deeper fallout from the global downturn won’t work, Loser said. [People kiss your “assets” good buy! That IS the headline! And NOTHING GOING TO WORK! . . . Now he sounds like a winner, and NOT a Real "Loser?" Big UPTURN for him!]
“There is no room for denial or populist policies,” Loser said. “Otherwise the crisis will become even deeper and harder to reverse.” [1. “No room for popular policies or for denial” of the One World Financial System, they will just make it worse by resisting! 2.That was not a warning, that was a TREAT!]
To contact the reporter on this story: Shamim Adam in Singapore at [email protected] [I just be the “commenter!”] Last Updated: March 9, 2009 00:01 EDT
+++++++++++++++++++++
So do you have the "mendacity" to think THEY are going according to your “opinions" and or your Time schedules on the world economy meltdown ?” LOL!
Do you really "think" that "they" are going to postpone the collapse, because you are NOT ready for a collapse?