"As each week goes by, doubts about the underlying strength of the economic expansion grow."
Friday, June 18, 2010
"Economic recovery" hits a wall
SHOOT: The recovery was based on what? What new investments? What major changes in our industrial way of doing things? Nope we're still slap bang in the middle of the original recessionary conditions, but without savings, and without bailout money this time. Europe is still deflating, and the USA is technically bankrupt. So it's just a matter of when the world decides the game is up.