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02-06-2009, 05:19 PM #1
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GE chief warns on US depression threat
GE chief warns on US depression threat
By Francesco Guerrera and Justin Baer in New York
Published: February 5 2009 19:12 | Last updated: February 6 2009 01:48
The US economy is suffering its steepest downturn since at least the 1970s and could descend into a depression, Jeff Immelt, General Electric’s chief executive, warned on Thursday.
He said businesses and consumers alike were struggling to contend with tumultuous markets and a financial-services industry under siege.
Unlike the other downturns that I’ve been a part of, this one is faced with limited liquidity,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
BIDEN'S ELECTION STEALING BORDER HELL
05-11-2024, 06:30 AM in Videos about Illegal Immigration, refugee programs, globalism, & socialism