George Osbourne and Bad News

According a BBC article today: The UK faces a "cocktail" of serious threats from a slowing global economy as 2016 shapes up to be one of the toughest since the financial crisis, George Osborne is to warn. The chancellor will later on Thursday lay out a litany of risks the economy faces over the next 12 months. His message will be in contrast to the positive tone of his Autumn Statement, when he said the UK was "growing fast".

People must not be "complacent" that the economy is fixed, he will say. Significant challenges - including tension in the Middle East, slowing growth in China, and low commodity prices - are all weighing on global confidence, he will say in a speech in Cardiff. It comes as trading on mainland Chinese markets was suspended for the day, after shares plunged more than 7% for the second time this week. On the domestic front, the first interest rate rise since 2007 could come this year. Treasury sources point out that is not a decision for the chancellor - interest rate.

Source: The BBC

I am afraid we have more interest in what Gerald Celente or Trends Research has to say about 2016. Celente called the decline in shopping malls [Dead Malls] in the US that we featured in an ABC article recently. Some doom mongers are selling gold or silver as an investment (or Nuclear Bunkers) but on the whole Celente makes very sound predictions. Osbourne’s London property bubble could well pop: