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Old 11-12-2008, 12:23 PM
sweeps sweeps is offline
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Default Whitehead sees slump worse than Depression

The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday.
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Old 11-12-2008, 12:49 PM
Broken Arrow Broken Arrow is offline
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A poignant piece about the basic dilemma of our economy.
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Old 11-12-2008, 12:57 PM
Joan.of.the.Arch Joan.of.the.Arch is offline
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I think I felt my blood pressure crash just upon reading this intro, Sweeps, but I'll steel myself up and read the article.
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Old 11-13-2008, 09:59 AM
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Wow that's comforting O_o. So does that means don't invest money this year?

I'll just place it in a saving account or pay more down on the house.
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Old 11-13-2008, 10:42 AM
kork13 kork13 is online now
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Fearmongering--I'll believe it when I see it. I'm trying to posture myself for bad times, but I've been doing that anyway. Yes, I know things are bad, and may very well get worse, but I personally believe that to go this far is a little extreme.
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