IMF finally dares to utter the D-word (depression)

BelgianMadCow

(1000+ posts) Send PM | Profile | Ignore

Thu Apr-16-09 04:00 PM
Original message

IMF finally dares to utter the D-word (depression)

"The combination of financial crisis and a globally synchronised downturn is likely to result in an unusually severe and long-lasting recession," the IMF says, in two key chapters of its twice-yearly World Economic Outlook, published today.
from http://www.guardian.co.uk/business/2009/apr/16/imf-warns-severe-long-lasting-recession

Full report available in pdf here http://static.tijd.be/upload/IMF-rapport-1084457.pdf

Check out the comparison between the current crisis and the Great Depression starting on page 3, and the graphs on pag

regards
bmc

Printer Friendly | Permalink | | Top

antigop

(1000+ posts) Send PM | Profile | Ignore

Thu Apr-16-09 04:24 PM
Response to Original message

1. No, no. Things are great. BUY! BUY! n/t

Printer Friendly | Permalink | | Top

biopowertoday

(1000+ posts) Send PM | Profile | Ignore

Thu Apr-16-09 04:35 PM
Response to Reply #1

2. well, President Obama did say to buy into stocks--a while ago already.

Printer Friendly | Permalink | | Top

BelgianMadCow

(1000+ posts) Send PM | Profile | Ignore

Thu Apr-16-09 06:07 PM
Response to Reply #1

3. the epic FAIL of unsustainable consumerism will be the best thing

to come out of this mess.

http://www.storyofstuff.com/

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Sun May 12th 2024, 01:10 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.