Category: Depression
The “Recovery” is simply a new bubble
August 27th, 2009, No Comments
Just came across a good article by Ambrose Evans-Pritchard at Telegraph.co.uk where he talks about how there is something terribly wrong with the so-called “recovery”.
My Favorite part:
There is something wrong with the entire recovery tale, which ignores the fact that excess plant is still at the highest level since the Great Depression (capacity use is [...]
