business article on Former Hedge Funder’s Fearful Forecast: We‘re Looking at ’The Biggest Economic Shock the World Has Ever Seen’ & There’s Nothing We Can Do to Stop It regarding , World, Global, Defaults, Recession, Global, Macro, Countryphoto, Series, Ratio, Total, Photo, Debtphoto, Defaultsphoto, , Photo, Defaults, Periodphoto, Crisis
Former co-manager of the GLG Global Macro Fund Raoul Pal has joined the growing chorus of economists who believe the global economy is headed in the absolute wrong direction.
What does the Goldman Sachs alumnus see on the horizon?
Mr. Pal, who writes for The Global Macro Investor, a research publication intended only for larger institutions, hedge funds, and family offices, believes that a global banking collapse and massive defaults will bring about “the biggest economic shock the world has ever seen” — and there’s nothing we can do to stop it.
Well, that’s pretty dire. Does he have anything to back up his claims?
We’re glad you asked. Without further explanation, here is “The End Game,” Pal’s impressively comprehensive (and grim) presentation on the current state of the global economy:
Photo 1 of 30 The End Game
Photo 2 of 30 The world has no engine of growth
Photo 3 of 30 First recession since 1930's
Photo 4 of 30 Per Capita Durable Goods Orders
Photo 5 of 30 Percentage of U.S. population employed
Photo 6 of 30 U.K. industrial production
Photo 7 of 30 EU Industrial output
Photo 8 of 30 U.S. GDP since 1802
Photo 9 of 30 Weakest foundations to enter a recession on
Photo 10 of 30 Debt
Photo 11 of 30 Total debt to GDP ratio by country
Photo 12 of 30 Series of defaults
Photo 13 of 30 All fall down
Photo 14 of 30 No. of defaults by crisis period
Photo 15 of 30 --
Photo 16 of 30 Defaults across the board
Photo 17 of 30 End of world?
Photo 18 of 30 The end of Europe?
Photo 19 of 30 The end of finance?
Photo 20 of 30 A collapse in world trade?
Photo 21 of 30 Eye of the storm
Photo 22 of 30 Connect the dots
Photo 23 of 30 Weak foundations
Photo 24 of 30 The big reset
Photo 25 of 30 Biggest econ shock the world has ever seen
Photo 26 of 30 Nationalization of banks
Photo 27 of 30 The whole bond market will be dead
Photo 28 of 30 Closure of the banking system
Photo 29 of 30 Around 6 months left
Photo 30 of 30 Going back in time