ForexInfoCenter

Sinking Rapidly Into Depression

Posted by Money and Markets in October 6th 2008  
This is the crisis that will change the course of history. Even before ivory-tower theorists have gotten around to officially calling it a "recession," the U.S. economy is already sinking rapidly into depression. And even as the government has vowed to embark on a $700 billion spending spree to avert financial panic, over $1 trillion in wealth has been wiped out in just five days of stock and bond market declines. Cheap credit, the lifeblood of the U.S. economy, has nearly vanished from the

Read More...

Filed under: Fundamental