Banci – Burse – Forex – Imobiliare – Aur

The Shift Toward De-globalization is Bullish for Gold

You can see signs of de-globalization everywhere. Just look at the intense shareholder opposition to Prudential PLC’s proposed takeover of the Asian operations of American International Group Inc. (NYSE: AIG).

And that’s just one example.

The market scare on news that North Korea had, indeed, sunk a South Korean Naval vessel was another. The “flight to safety” in U.S. Treasuries – sparked by the increasing concern about the future of the euro and the viability of Greek government finances – is a third.

All over the world, little by little, the apparently inexorable tide of “globalization” – making the world “flat” in the words of Thomas L. Friedman – is retreating.  If a full-scale financial crisis breaks out in the next few months, that retreat will become a rout. And the world will become de-globalized.

For the warning signs of de-globalization, please read on…
Read more

No comments yet.

Leave a comment