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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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S&P sees downgrade blitz in EMU recession, threatening crisis strategy

S&P sees downgrade blitz in EMU recession, threatening crisis strategy | Countdown to Financial Armageddon | Scoop.it

Standard & Poor's (S&P) is to warn that a double-dip recession in Europe would imperil France's AAA rating and set off a string of downgrades across Southern Europe, undermining the EU's debt crisis strategy.

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Don't Feel Left out - Join The Party! Debt Crisis Threatens China and Emerging Markets

Don't Feel Left out - Join The Party! Debt Crisis Threatens China and Emerging Markets | Countdown to Financial Armageddon | Scoop.it

Europe's banking woes have begun to set off a funding crunch in the emerging markets of Asia, Latin America, and Eastern Europe, leaving them nakedly exposed as the rich world slides into a double-dip downturn.

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Forecast says US double-dip recession is imminent

Forecast says US double-dip recession is imminent | Countdown to Financial Armageddon | Scoop.it

Double dip recession either has already started or is about to begin according to widely-followed Economic Cycle Research Institute's Achuthan.

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