Economy outlook for 2010,
(a short note)
October 2009,
The world had the knowledge and the experience of the 1930s crisis, and they could stop the crisis through coordinated global efforts. However, I questioned if the world has the experience and the knowledge necessary to deal with the side effects of the varieties of stimuli implanted in [to] the economy system. Sooner or later inflation will kick in. Is the world ready to have it under control????
Here are the outlines of my new report regarding the global economy outlook in the next 12 months,
1. New financial and accounting rules are set to change the financial reporting systems and Derivative transactions in the world. Although, these rules and restrictions are being set up to create more transparency and control, but they might also be used as new tools to control the coming inflation.
2. The FED chairman is in favor of a weaker Dollar. He says the weaker the dollar, the faster they will get us out of recession.
3. The Financial statements of many companies and countries will be reevaluated
4. The world of currencies will be reviewed and the USD might not stand as the top world currency in the coming decade.
5. The new world economy will emerge with a strong monitoring system and some newly named currencies will come to play.
6. The era of “Low rate Policies” is ending. The world will gradually embrace a higher rate policy in the next decade. The rates are going up. The more the central banks hold it, the more percentage points they have to add to their future raises. Maybe these days are the best days to start investing in real estate with the current affordable prices and the lowest rates.
The full Report will be send to you in November. In the meantime, I would appreciate your comments or views over the next 12 months.
Best Regards
Mahmoud Gonabadi, Ph.D. , FCSI
Accredited Mortgage Professional
www.gonabadi@telus.net
604 340 3270
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