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A bit of mainstream economic doom.

 
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Australia
06/06/2012 05:32 AM
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A bit of mainstream economic doom.
Are the wolves about to get it right?
June 6, 2012 - 2:52PM
Read laterComments 59

The wolves may be outflanking the sheep. Photo: AFP
As Australia's “miracle economy” chugs along at twice the clip of its first-world counterparts, markets remain absorbed and unnerved by events offshore - and as easily spooked by “Armageddon scenarios” as they were during the financial crisis four years ago.

The latest end-is-nigh theory doing the rounds of market inboxes hails from Raoul Pal, a hedge fund whizz-kid who retired to the Valencian coast in 2004 at the age of 36 to pen a newsletter on macro-economics. (See his End Game slide show here.)

[link to www.smh.com.au]

Read more: [link to www.smh.com.au]

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