Quite simply, this financial crisis is the worst since the panic that led to the Great Depression. As a result, the recession may well be deeper and/or longer than any since the end of WWII. No one knows where the bottom is. That is why the level of confidence in both consumers and producers has declined—and must be restored if the financial fiasco is not to turn into a crisis for the broader economy....
Reading tomorrow’s history today. Great posting, thanks.
“rogue-trader”-who-probably-doesn’t-exist-made-scapegoat-alert.