european austerity measures will lead to increasing unemployment...

european austerity measures will lead to increasing unemployment in europe throughout 2014 experts say. this will drag europe and the world into a recession experts say. unless they do something about the austerity measures, perhaps minimize them, then next year will be a bad year for stocks,commodities,china and australia. chinas present downturn has much to do with europes woes.
the american physical cliff will probably be kicked from next year to 2015 i believe. they will have to introduce austerity measures that economists say will send america straight into a recession. they wont want to in 2015 either but i believe the ratings agencies and just necessity will force them to intoduce measures to curb their debt. this american recession will send the world into another recession in 2015.
this may not happen but its on the cards. you wouldnt want to be in mining stocks. many are saying the iron ore, coal prices were in a multi decade bubble from the 70's that has been pricked. they say those highs wont be reached again. not great for miners.