Monday, Jul 12, 2010
It's just another few billion a year, move along!
Reuters: Recession Deeper than Thought (we were told...cough, cough!)
What else might be revised later on I wonder?
Posted by brickormortis @ 01:21 PM (1081 views) Add Comment
3 Comments
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1. Wageslavex14 said...
Oh dear.
I'm not looking forward to QE2.
2. Exiges said...
-- "Monday's data also showed the first quarter was more dependent on government spending than initially estimated."
I think most sane people knew the first quarter was propped up solely by govt spending.
3. gone-to-colombia said...
Not news to contributors to this site.
The mistake made was to try to prop up everything. Now, with no money left, the problem will be to try to save anything.
Far better to have witnessed the fall, and then try to save what could be salvaged.