Monday, September 22, 2008

RGE - The Shadow Banking System is Unravelling: Financial Times

RGE Monitor.com

"The real economic side of this financial crisis will be a severe US recession. Financial contagion, the strong euro, falling US imports, the bursting of European housing bubbles, high oil prices and a hawkish European Central Bank will lead to a recession in the eurozone, the UK and most advanced economies."

Alarming? Yes. Chicken Little? I wish I could bet "yes"...

No comments: