You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #61: "After" an economic downturn? [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
SOS Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-10 04:08 PM
Response to Reply #9
61. "After" an economic downturn?
It's just beginning.

Extend and pretend policies are creating a climate for persistent, long term global economic decline.
This downturn will persist for years.

Gretchen Morgenson details the catastrophe (and the phony numbers being released by the Fed) in today's NY Times:

http://www.nytimes.com/2010/04/18/business/economy/18gret.html

Andrew Haldane, executive director for financial stability at the Bank of England:
"Low-ball accountings are almost certainly an underestimate of the damage to the wider economy as a result of the crisis."

And is it a coincidence that all this happy talk is emanating from the Fed during the week of April 15?
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC