Sunday, August 23, 2009

the risk of a double-dip recession is rising.


before you read this, the answer to why countries like australia, germany, france, japan, china, india, and brazil have economies that are expanding (as opposed to the united states and most of europe) is because they did not spend trillions, repeat trillions, on a phony "stimulus" bill agenda. 

"On the first question it looks like the global economy will bottom out in the second half of 2009. In many advanced economies (the US, UK, Spain, Italy and other eurozone members) and some emerging market economies (mostly in Europe) the recession will not be formally over before the end of the year, as green shoots are still mixed with weeds. In some other advanced economies (Australia, Germany, France and Japan) and most emerging markets (China, India, Brazil and other parts of Asia and Latin America) the recovery has already started."

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