SINGAPORE, Nov 21 — Much has been said of government stimulus packages and the nascent global economic recovery. But have investors given serious thought to the prospect of another crash?In a report, Societe Generale (SocGen) painted a Doomsday scenario in which global economic collapse could recur in the next two years. It advises clients to go short on US dollars and European stocks, and long on government bonds and agricultural commodities.
The French bank says state rescue packages over the past year have merely transferred private liabilities on to sagging sovereign shoulders, creating a fresh set of problems.
Full Report
