Wednesday, Mar 12, 2008
Merrill Lynch: it's back to the future for the US economy
WSJ Economics Blog: Recession To Be Worst Since 1970s
"Merrill Lynch economist David Rosenberg, one of the most bearish Wall Street economists, says to look past the 1990-91 recession as a guide to the current downturn. The key difference: the depth of home-price declines." I wouldn't be surprised if the recession is even worse than the 1970s personally but this article brings home the reality that it's not just a 1990 situation.
Posted by an bearin bui @ 03:51 PM (170 views) Add Comment
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