A Discordian Dilemma
21/02/2009
“ It is now clear that this is the worst financial crisis since the Great Depression and the worst economic crisis in the last 60 years. While we are already in a severe and protracted U-shaped recession (the deluded hope of a short and shallow V-shaped contraction has evaporated), there is now a rising risk that this crisis will turn into an uglier, multiyear, L-shaped, Japanese-style stag-deflation (a deadly combination of stagnation, recession and deflation). „
Laissez-Faire Capitalism Has Failed by Nouriel Roubini
See also: credit crisis for dummies
Quote posted at 23:05
blog comments powered by Disqus
