It’s the Economy, Stupid
Jan 8th, 2009 | By Bill Bonner | Category: Financial Newshe economic news continues to bring bad tidings…consumer bankruptcies were up 33% in 2008…The financial crash is causing an economic crash, which will cause a worse financial crash…and around and around we go…Who will spend their savings in ‘09?…the CBO puts the budget deficit at $1.2 trillion for this year – and that’s not counting stimulus programs…and more!