Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
European Tribune - Roubini: 2009 Global Economic Outlook - so far
deep and protracted U-shaped recession
"L", that's the new U.
by Bernard (bernard) on Thu Apr 23rd, 2009 at 03:13:02 PM EST
[ Parent ]
...with h/t to ARGeezer.
by Bernard (bernard) on Thu Apr 23rd, 2009 at 03:19:50 PM EST
[ Parent ]
George Soros is calling a "square-root recovery":

US Banks 'Basically Insolvent': Soros - Economy * US * News * Story - CNBC.com

The recovery will look like "an inverted square root sign," Soros said. "You hit bottom and you automatically rebound some, but then you don't come out of it in a V-shape recovery or anything like that. You settle down--step down."

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Fri Apr 24th, 2009 at 05:27:52 AM EST
[ Parent ]


Occasional Series