Bahamas-based Mutual Manager correctly predicts slump from Beijing

by AirBourne / July 14th, 2012

China’s GDP grew 7.6% in the second quarter of 2012, its slowest pace of growth since 2009 – CNN Alert

This was no shock for Joe Euteneuer, he predicted this downturn since last month, the expert was visiting Barbados on behalf of Royal Fidelity – the popular investment firm increasing awareness on a national contest for locating the best Teacher in the island.

Joseph Euteneuer meets and greets audience members after his presentation at the facility many still privately call “Sherbourne,” for short! (Extreme Left is Jillian Nunes, RF’s Investment Mgr)

Operating from the Bahamas, the Mutual Manager was interacting with the audience from a presentation at Sandiford Centre on Two Mile Hill, it was posed to him that if consumers relaxed their purse strings then the economy would rebound. However, he does not see being economical as a hindrance to recovery from the current global crisis – Euteneuer pointed to China with its huge savings, but noting that such a high cannot exist without repercussions {CLICK ON FOLLOWING LINK FOR FULL AUDIO};-

No broad based growth will happen until 2017 to 2022, but 1.3 billion people cannot be fed, housed and employed so simply, there are consequences.

The mutual manager (who actually plays in a rock band on weekends) sees the jobs market opening in niche bases as the way to get this world back on the right path {CLICK ON FOLLOWING LINK FOR FULL AUDIO};-

The world has to open its job markets before the economy can feel good again, while consumer spending helps, it’s better if people feel better about themselves via more jobs…