HSBC pessimistic

http://www.ft.com/cms/s/0/41c8f48a-b10d-11de-b06b-00144feabdc0.html

HSBC chief fears another downturn soon. Who will join this club. PIMCO felt it even earlier going by their bingeing on government debt, now standing at 44% of their portfolio.

The markets could do s 'W' but the real economy will just be scratching the bottom of the barrel.


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