The planet’s biggest economy is showing worrying signs that it’s set to crash, according to James Garrick, economist for Legal and General Investment Management (LGIM). The investment firm looks after millions of pounds worth of British pension savings and has now started to reduce risk amid “signs that things are going wrong,” said Mr Garrick.
He issued a similar warning over the American economy in December 2007 and sees a likeness in conditions then and now. The expert believes the US economy could start deteriorating next year, and be in a full-blown recession by 2018. Separately, global think tank the OECD today also warned the US outlook had dimmed and cut growth forecasts to 1.8 percent this year, from its previous forecast of two per cent. READ MORE
New International Version (NIV)
21 For then there will be great distress, unequaled from the beginning of the world until now—and never to be equaled again.
22 “If those days had not been cut short, no one would survive, but for the sake of the elect those days will be shortened.
New International Version (NIV)
32 “Now learn this lesson from the fig tree: As soon as its twigs get tender and its leaves come out, you know that summer is near. 33 Even so, when you see all these things, you know that it[a] is near, right at the door. 34 Truly I tell you, this generation will certainly not pass away until all these things have happened. 35 Heaven and earth will pass away, but my words will never pass away.
I will immediately seize your rss feed as I can’t find your email subscription hyperlink or newsletter service.
Do you’ve any? Kindly permit me recognize so that I could subscribe.
Thanks.