Tuesday, Mar 18, 2008
Now its official
BBC NEWS: US admits economy is in downturn
US Treasury Secretary Hank Paulson has admitted that the US economy is facing a "sharp decline" at the moment but hoped for a recovery later in the year.
Posted by titaniccaptain @ 01:56 PM (429 views) Add Comment
6 Comments
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1. Pmaupoil said...
"US Treasury Secretary Hank Paulson has admitted that the US economy is facing a "sharp decline" at the moment but hoped for a recovery later in the year"
I hate this kind of comments where they attempt to show some optimism when the situation is obvioulsy really critical!
You can hear many economists saying: "it is going to be a lot worse before it is getting better". WHAT'S THAT!!!!????? Oh yes thank you, I feel better to know that it will get better in x months or years... of course it will become better at some point unless it is the end of the world, you pathetic useless forecaster!!!!
2. geed said...
"US Treasury Secretary Hank Paulson has finally worked out what everyone knew already"
3. jack c said...
No chance (IMO) that Crash G will admit that the UK is in recession once the stats show its actually happening
4. Daringsneakybeaver said...
He admitted it faster than Auntie, who seems to want to talk up the housing market and economy forever.
5. A Saver said...
Duhh! What does Hank think might happen to improve things?
The Second Coming maybe? When it's perfectly obvious that this is a self-perpetuating death spiral.
6. Fools said...
should get you boys to run the economy, you certainly know your onions.