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Wednesday, February 15th, 2012

Posts Tagged ‘ Commentator ’

The Next Depression: It’s worse than they think

Nov 25th, 2009 | By Bill Bonner | Category: Featured, Financial News

“Beyond the Crisis… With most of the world’s economies officially out of recession, the FT launches a series examining the legacy of worst global economic crisis since the 1930s,” says the FT. But according to the figures below the headline, the crisis wasn’t so bad. The US economy walked backward only 3.5%. Now, it’s making progress again.

The FT editors should keep their eyes on the road. The ‘recession’ did more damage than they think. And it isn’t over… There’s more trouble ahead.