(1888PressRelease)
May 08, 2009 - “The global economy is heading into a big deflation, though the risks of inflation are increasing as governments print more money,” the Morgan Singleton Associates President said at a conference in Seattle today. “Gold and copper may rally massively as a result,” she added.
“The gravity of the situation is vastly worse than the thirties,” Davies said. “Navigating the world is much harder than in the 1930s.”
The International Monetary Fund last month cut its world economic growth forecasts and said the global recession will be deeper and the recovery slower than previously predicted as financial markets take longer to stabilize. The world economy will contract 1.3 percent this year, the IMF said.
“This is the most difficult period of humanity that we’re going through today because governments have no control,” the Morgan Singleton Associates President said. “They had in the 1930s. Today they have no control.”
Morgan Singleton Associates are highly respected within the financial community and have been providing accurate evaluations for over three decades. Working alongside Industry leaders Morgan Singleton Associates recognizes the dramatic need for major changes, with a passionate commitment to business growth.
Morgan Singleton Associates provides a full range of integrated services and products simultaneously directed at producing strategically predetermined business and cultural results. We bring together a broad range of talent and resources with a passion for integrity, continuous improvement and the desire to make a difference. This results in prosperity for our customers, society and ourselves.
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