How long was the depression? 24 months, 3 times as long and 3 times as deep then any for the past 60 years…

Deflationary trends are predictable due to the over supply from the previous period of easing credit allowing for over production and unsold inventories prior to the decline, as that inventory will continue to depress pricing until sold.

G20 will provide tripling of investments capital to head off the global collapse. Contraction not as bad as last year yet lingering onward, with many financial institutions becoming insolvent more bad news to come as a number of countries currencies collapse, as the bottom is not to be seen until the end of the 2011…

No one predicted the current crisis as accurately as Nouriel Roubini. His frequently bleak forecasts have earned him the nickname Dr. Doom. In his speech at Osec’s Forum for Swiss Foreign Trade and Investment, Roubini fully lived up to his name.

Source: Credit Suisse Group AG