Goldman Sachs Warns "Financial Armageddon"

 Goldman Sachs analysts have warned that the financial crisis has moved into its third phase, caused by slower growth in China and other emerging economies.

Analysts at the top Wall St firm believe that low commodity prices, stalling growth in China and other emerging economies, and low global inflation bode ill for global markets.

Central banks all turned to lower interest rates in response to the first two debt-fuelled disasters – the 2008 banking collapse and European sovereign-debt crisis – encouraging investors to lend in emerging markets such as China for a better return.

Dahboo77- Mysteries Of History: Giant 7-8 Foot Skeletons Uncovered In Ecuador 

A Door Is About To Open! 

Carson Says Americans Need Guns To Defend Themselves Against The Government 

The Goldman Sachs analysts concluded: “With bond yields in real terms close to zero, and policy rates at historical lows, this extraordinary combination of events has raised concerns about the sustainability of the financial returns on a forward-looking basis, particularly if deflationary forces continue to develop.”

This follows the International Monetary Fund’s recent warning that companies in emerging markets have over-borrowed by nearly £2tn ($3tn). With the release of its latest Global Financial Stability Report, the IMF said there remains an increased risk to global financial stability, with the danger now shifting to emerging economies.more

Youtube:Paul Begley