Financial Crisis 2012 - Worse than 2008

Tyler Durden's Guest post of Zero Hedge is an excellent analysis of all the head winds that is against us in 2012. Maybe we should listen to the Mayan prophecy... just kidding. The main reasons given by the author that the imminent collapse is much worse than 2008 is due to the following reasons:

• Oil prices higher now than in 2009
• Derivatives up more than $100 trillion since 2009
• Government debts exploding
• Weak GDP growth
• Europe in trouble
• Small investors leaving the market
• China hitting a wall

Go and read the post above it is an excellent analysis, I find cross holding of sovereign debt pictures are very interesting. The interactive chart of the Euro Debt Web is by BBC and it can be found here

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