STOCK MARKET Predictions – Oct. 15.11

CR Daily News Prediction© STOCK MARKETS (predicted on – October 15, 2011 in the – CR News Reports© MEMBERS subscription)

Predictions from Higher Intelligence:

“Governments want to bailout and save banks and economies. However, they are destroying their own finances in the process. We predict that the credit rating agencies will increase the frequency of their downgrades on banks and the sovereign debt of countries – both for Europe and America. These downgrades will drive up the cost of borrowing for these countries. They won’t be able to borrow from each other much longer as they will all be on the brink of default themselves. Borrowing costs from all sources will skyrocket. All downgrades will affect bank stocks first and the markets in general will follow them down next. We predict that the credit and debt markets around the world will freeze up once the first default of a big country or bank is even hinted at. Investors will…” continue predictions. . .

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