Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
12-07-2008, 05:02 PM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
How bad is the economy going to get?
From The Sunday Times
December 7, 2008
How bad is the economy going to get?
Last week saw jobs slashed, interest rates cut, house prices plunge and a fixture of Britain’s high streets go to the wall. When is all the bad news going to stop?
David Smith and Richard Woods
Like the cartoon character Wile E Coyote, the world economy raced off a cliff of debt and for much of this year was left in mid-air, legs spinning madly. Then in September, realisation dawned – gulp! – and everything began to plummet.
Bank values, jobs, houses – they all seem to be falling with the sort of whistling noise that presages something nasty. Is there a vortex below that will swallow them up? Or could a parachute yet unfurl?
Such is the speed and scale of the downturn that some eminent economists not known for hyperbole now talk in doomsayer terms. Kenneth Rogoff, a Harvard professor and former chief economist at the International Monetary Fund, said last week that the global economy is in danger of “disasterâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Arizona GOP pushing tough, new border policies, but faces strong...
05-05-2024, 10:24 AM in illegal immigration News Stories & Reports