Another Financial crisis in the banking sector is about to happen
Dominique Strauss-Khan, admitted in an interview published yesterday by the French newspaper Les Echos, "which may be a second shock in the banking sector due to the deterioration of the economy, a hypothesis that circulated in the floors of the banks at the end of last year. "Yes, it is possible a second-order effect," it said in the journal. After have revised down their growth forecasts for the world economy this year ( from 2.2% to 0.5% ), the director of the International Monetary Fund (IMF) warned again that the numbers that have been known since then "are not good" and that the final estimate may be zero. The advanced countries are the most punished with a recession around 2%. "The next estimate of the IMF, scheduled for in three months, may close to zero," said the person responsible. Strauss-Khan believes that the early recovery of the global economy might happen in 2010. Looking closely at the market, investors are probably anticipating this new shock because the fiancial sector over this week has been affected by a new wave selling pressure. According to Bloomberg, the titles of the financial sector are negotiating the lowest prices since 1995, but not that encourages investors to buy.AC
