Denmark-based Saxo Bank Predicts Ron Paul for 2008
from Pravda in Russia. Saxo Bank Predicts that Ron Paul will take office of President in US in 2008. by Michael McDonnough
(libertarian)
Wednesday, December 26, 2007
A forecast made by Denmark-based Saxo Bank, chaos will take a grip on the world in 2008. Oil prices will skyrocket to 175 dollars per barrel, the Chinese market will collapse by 40 percent, whereas the U.S. will suffer a 25-percent setback. All this will happen because of the mortgage crisis in the USA which already slows down the U.S. economy.
High oil prices can bring only good to Russia, though. On the other hand, even if the above-mentioned forecast comes true, Russia will face serious problems in its economy too. It is worthy of note that the majority of Saxo Bank’s previous forecasts for 2007 have proved to be true to fact.
On New Year’s Eve most people recollect the outgoing year and hope for the best. However, Saxo Bank experts seem to be an exception from this nice tradition. David Karsbol, the head of market strategy for the bank, said that the forecast had not been made to intimidate people. "It gives a reason to think about the future of the market," he said.
Saxo Bank experts believe that oil prices will hit the level of 175 dollars per barrel in 2008, whereas grain prices will double. The U.S. and the Chinese markets will collapse by 25 and 40 percent respectively by the end of the summer of 2008. Every third of ten U.S. large building companies will go bankrupt. The British economy will also start declining.
The bank has its forecast on the new U.S. president too. The bank predicts that Ron Paul, the Texan Republican, will take the office in 2008.
I thought this article was worth a reprint. I am looking into why the Saxo bank made that prediction and wanted my readers to see this and have a look at the work to come. I am betting that they are predicting on the fact that Ron Paul has the most visible on the ground support of any other candidate and that is the kind of support that you can take to the bank.
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Assuming, of course, Ron Paul wins the Republican nomination -- A market collapse will only strengthen his platform of reduced spending and smaller government, and make it likely he would win. He is the only candidate I know of that speaks to any true and effective spending and tax reform.
Sorry to have doubted you, but at first I though that the entire article was a “spoof.†My profession was, a while back, in the financial “game†and I had never ever heard of Saxo Bank.Â
But not wanting to doubt a fellow writer on Nolan Chart, I consulted the “almighty†Google and lo-and-behold I found these:
Yes, you can take Ron Paul's most visable ground support to the bank. Ron Paul will start winning primaries in Iowa, and from there....the Oval Office in Jan, 2009.
