No Growth in China and Other Outrageous Prophecies <http://tinyurl.com/8p3j9w>
Last year was marked by astonishing and market-changing events including a $100 fall in the price of oil, the drop to zero of U.S. interest rates and the collapse of Wall Street giants such as Lehman Brothers. This year could bring more, equally unbelievable, happenings such as another 400 points being wiped off the S&P 500 and a slump in Chinese growth to zero, according to a report from Saxo Bank titled "10 Outrageous Claims 2009." 1. Iranian Revolution If oil prices continue to decline, which Saxo Bank believes they will, the Iranian society will be badly affected due to the country's reliance on its number one commodity. The government may not be able to provide the basic necessities its citizens need, which would lead to widespread social unrest, according to Saxo Bank. 2. Crude Oil to $25 The ongoing economic crisis will further dent oil demand throughout this year, sending the price ever closer to $25 a barrel, Saxo Bank said. OPEC production cuts will be hampered by disagreement and fail to stem the slide, it added. Continue...... <http://tinyurl.com/8p3j9w> CNBClogo.gif<http://us.news2.yimg.com/us.yimg.com/p/fi/13/94/05.gif> --~--~---------~--~----~------------~-------~--~----~ Group Moderator: Yasser Kavousi (050-6851473) To post to this group, send email to [email protected] You received this message because you are subscribed to the Google Groups "Business Bay Properties" group. To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/businessbay-properties?hl=en -~----------~----~----~----~------~----~------~--~---
