China is ‘financially out of control’ according to Citi’s chief economist

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Citigroup’s chief economist, Willem Buiter,  sees a storm brewing in China. He estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.

Continue reading… “China is ‘financially out of control’ according to Citi’s chief economist”

China may get over its coal addiction faster than anyone thought

Beijing’s air quality is thanks in large part to coal-burning.

Lead writers of Citigroup’s new note attacks “one of the most unassailable assumptions in global energy”—the forecast that China’s coal consumption will grow wantonly over the next two decades. By extension, it challenges apocalyptic climate change forecasts.

Continue reading… “China may get over its coal addiction faster than anyone thought”

Citigroup Estimates in 50 Years Smoking Will Die Out Around the World

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In approximately 50 years there will be no smokers in the developed nations according to Citigroup.

Citigroup estimates that within approximately 50 years there will be no smokers left in developed nations. We list the date smoking will die in 18 different countries from the UK to New Zealand.

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