I have been writing about the global growth slowdown for the better part of a year now. At the end of last year, I wrote:
Over the medium-term, despite easy money from the ECB, there are problems and I anticipate these to come to a head for the situation in Greece and for euro zone economic growth. In the medium-term, through 2012, I don’t expect euro zone failure. I do expect a worsening crisis as poor growth takes a toll. Over the longer-term, however, I am less sanguine. The euro cannot work as envisioned by the Germans. It will see at least Greece leave.
The things that I think are actually most relevant over the short to medium term on markets are outside Europe
Those things were the bubbles popping in China and Australia and the ass...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.