Decade of darkness

CounterPunch
by Mike Whitney

04/09/09

Stockbrokers aren’t selling apples yet, but the velocity of present downturn is worse than the Great Depression. Manufacturing, industrial production, foreign trade, capital flows, consumer confidence, housing, and even stocks are falling faster today than after the crash of 1929. So far, Bernanke’s monetary bandaids have prevented the wholesale collapse of the financial system, but that could change. The economy continues its downhill slide and it looks like there’s nothing to stop it from falling further still...

//counterpunch.org/whitney04092009.html


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Bernanke
//freepage.twoday.net/search?q=financial+system
//freepage.twoday.net/search?q=Great+Depression
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