What do you think will be the near future of employment, economic growth and productivity?
THE APOCALYPSE 2010
Our Government will have total control of our entire financial system and most of America will be indebted to the US Government.
Disaster Capitalism?
Could it be avoided?
If the government would have invested it’s money on the consumer, the producer of [...]
1. It’s now recognized as fact that economic growth, or should I say excessive economic growth, was largey driven during the past decade by the excessive issuance of credit.
2. Excessive credit issuance by financial institutions, mostly banks, was enabled by the creation and use of the now widely recognized SIV (Structured Investment Vehicle). The backbone [...]
11/12/2008 04:40:00 PM
Upping the ante on JPMorgan’s CEO Dimon and Merrill’s CEO Thain (see previous post), former Goldman Sachs chairman John Whitehead is quoted as saying the current slump will be worse than the Great Depression!
From Reuters: Whitehead sees slump worse than Depression (hat tip Rex Nutting)
The economy faces a slump deeper [...]
Stumble It!