Peter Andersen Report Overview – November
“When crises reach tipping points, things have a way of moving very fast: The build-up is in slow motion but the chaos is instantaneous.” – Peter Andersen Report, November 2011
The economic woes of the European market have become a familiar noise over the last few months as one country after another faces significant liquidity problems accompanied by talk of sovereign defaults and dismantling the euro-zone. And recent volatility in Canada’s financial markets reflects increasing concern over those potential effects, to create a tipping point that Andersen indicates may not be far away.
The next couple of months will be pivotal in determining if there will be a worldwide recession in 2012: Michael Babad in the Globe and Mail suggests that the outcome will be clear in the next 7 days, while Peter Andersen flags January as the tipping point, when Italy will have to find the resources to refinance their debt.
Given the significant effect a euro-zone collapse would have on the global economy, keeping on top of the facts is essential, which is why we send the Peter Andersen Monthly Economic Report to our members’ inbox every month.
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