OTTAWA, April 29 /CNW/ - Canada Business Holdings issued a warning
statement today through the Global Economic Early Warning System
(GEEWS). The assumptions are supported by the fact that oil and gold
prices now endangers the economic recovery. Such price levels rising
day by day will cause a shocking freeze to weaker world economies and
damage the overall fragile global recovery.
The price levels of commodities and currency wars can lead to a crisis
scenario similar to what happened in 2008. The crisis can hit as early
as October 2011.
Moses Solemon explained that "The present price levels of gold, oil,
wheat and corn are very worrying. The sinking US dollar and slow
recovery of world economy makes a perfect scenario for crash". The G8
and G20 meetings do not seem to have significant effect on the market
behaviour, nor does OPEC's oil production policies control present
GEEWS signals that there are fundamental errors in the market pricing
behavior. It is not all based on real supply and demand direct
SOURCE Canada Business Holdings Inc.
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