Davos: Why doomsday prophecies for 2012 are wrong

Analysis by Ned Davis Research suggests apocalyptic predictions about financial markets in 2012 are unjustified. Eurozone Europe will lag, but much of the rest of the world can expect a pick-up.

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Gloom and doom became the norm in 2011, ahead of the year when the world is supposed to end. Inspiring the disaster movie that started filming around the time of the Lehman implosion, the doomsday prophecies for 2012 have included everything from a meteor strike, to a geomagnetic reversal, to a visit by aliens. And the latest take on apocalypse is the death of the euro and the after-shock of hyperinflation or economic depression – take your pick.

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