Tuesday 30, June 2009 by

Turbo-gloom and Anno Horribilis: Prepare for turbulent times

Saxo Bank’s Chief Economist, David Karsbøl warns that the market has looked too far ahead of the curve in pricing its recovery, and that the fundamental problems within the economy, such as the unsustainable debt burden leading to sub par consumption growth resulting in write downs and earnings recession, remain unresolved.

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