Sunday, January 18, 2009

Depression? Maybe

Banks have been thrown a lifeline, but we've been left to sink or swim

"The situation is reminiscent of, but far worse than, the position in the early 1980s when at the height (or depth) of what I christened "sado-monetarism", good companies were on their way to the wall, the Thatcher government did not seem to understand or care, and the Bank of England rightly embarked on a period of covert rescue operations." That should get you going.

Posted by letthemfall @ 03:02 PM (2499 views)
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