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Société Générale tells clients how to prepare for 'global collapse'

Discussion in 'The Economy' started by Tropo, 19th Nov, 2009.

  1. Tropo

    Tropo Well-Known Member

    17th Aug, 2005
    Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
    "As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse," said the 68-page report, headed by asset chief Daniel Fermon.

    It is an exploration of the dangers, not a forecast.