Atlantis Alumni

Saturday, February 28, 2009

It's A Depression Already!

From a front page article in today's New York Times:

Allen Sinai, chief global economist at the research firm Decision Economics, sees a 20 percent chance of “a depressionlike possibility,” up from 15 percent a week ago. “In the housing market, the financial system and the stock market, we’re already there,” Mr. Sinai said. “It is a depression.”

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