Ben Bernanke in a dilemma printing money to bail out Bear, or was it a finger in the leak that could spread worldwide?
Central bank getting into the direct lending business
Indy part once of Countrywide and was spun off…
Depression or less scary it is a nicer word recession this blogger would agree….
So “what former Treasury secretary and Harvard president Larry Summers, now a hedge-fund adviser, says the government should “at least be thinking about”? Or what 32 of 51 economists surveyed by The Wall Street Journal say is now somewhere between likely and certain?” [Source: Irwin Stelzer is a business adviser and director of economic policy studies at the Hudson Institute.]
Lots of statistics…
Will banking failures lead the world economy into a recession? The answer to this question can be possibly found by reading the article Bank Failures in Mature Economies.
Of course we all will be impacted as the system expands the currency and price rises creates inflationary pressures devaluing the currencies as a CNN article reviews.
In the 1930′s bank failures give us a clue to what could repeat itself, if you believe that history has that potential of doing just that repeating itself?
Harvard University’s Feldstein states in March 2008:
“I believe the U.S. economy is now in recession,” Feldstein, president of the National Bureau of Economic Research, told the Futures Industry Association conference in Boca Raton, Florida. “Could this become the worst recession we have seen in the post-war period? I think the answer is yes. I would emphasize the word ‘could.’ ”
Are we printing money? Why sure… Debt on Debt.
Ron Paul
The Collapse of the World Economy
So why spend 3 trillion on a war and push the world economy into a depression – Thomas has his view, their objective must be stopped that is defeating the USA?
TIRED OF DEPRESSION, RECESSION, NEGATIVITY OR BAD NEWS
Laugh with George Carlin and his fresh view on the economy and education:
THE END…..
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