Two Turmoil Near the Year’s End
What is more seriously threatening the world economy now is the simmering energy crisis in Europe and China. When gas and coal prices are soaring, in the last week oil prices are following them as if refusing to be left behind.
THERE are two important things that deserve investor’s attention: political brouhaha over the debt ceiling in the United States and the continuation of energy crisis in China and Europe. Both threaten the stability and the recovery of the world economy near the end of the year.
Debt ceiling disputes is a routine affair in the US. Whenever the US government debt is nearing its limit, politicians from both party, Democratic and Republican wo...
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