We're Setting Ourselves Up For A Big Catastrophe

Simon Johnson: We're Setting Ourselves Up For A Big Catastrophe, 'Crisis Is Just Beginning'

VIDEO

Simon Johnson, the MIT professor and economist who's long been a strident critic of "too big to fail" institutions, appeared on CNBC this morning and predicted that the next phase of the financial crisis could be precipitated by banks exploiting emerging markets like China

//snipurl.com/u1qe2



US loses 85,000 jobs in December

The US economy lost 85,000 jobs in December, the Labor Department reported Friday, the same day new major layoffs were announced by UPS and Lockheed Martin.

//www.wsws.org/articles/2010/jan2010/jobs-j09.shtml



US 'in danger of recession relapse'

The economists say there is a 25 to 40 per cent chance of a 2010 crisis, a phenomena they call a "double dip recession".

//english.aljazeera.net/news/americas/2010/01/20101113446788772.html


From Information Clearing House



//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=too+big+to+fail
//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=jobless
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=Simon+Johnson

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