Thursday, June 2, 2011

Recovery or an Impending Depression?

In light of our discussion on Tuesday about a changing global economy and how and when 'recovery' will begin, here is an article by The Center for Research on Globalization out of Canada. The article argues that recovery is not and will not happen, but that the financial crisis is going to spread, and that there may even be a new crisis on the horizon. Take a look. Thoughts?

http://www.globalresearch.ca/index.php?context=va&aid=25089
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3 comments:

  1. Dane CareyJune 2, 2011 at 6:27 PM

    I must say, this is a pretty sketchy looking book and a pretty sketchy looking organization on the whole.

    "As one leading hedge fund manager recently stated, 'There is definitely going to be another financial crisis around the corner... because we haven’t solved any of the things that caused the previous crisis.' The market for derivatives is somewhere in the realm of $600 trillion."

    As another leading hedge fund manager said?!? Come on.

    I put very little stock in this opinion...

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  2. Chris DendrinosJune 3, 2011 at 9:36 AM

    I think we are all looking for the U.S to go back to 4-5% unemployment overnight, and I just do not see this happening quickly. I don’t believe we will see another financial crisis anytime soon but I think a lot of top financial managers in the industry believe the new norm in the U.S is going to be slower growth and greater volatility, for at least the next few years. Additionally, the world as a hole is experiencing a debt crisis, and their answer to it is austerity measures. This is not good for growth.

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  3. Becky McLaughlinJune 5, 2011 at 12:40 PM

    I also don't believe we will be facing another economic crisis right around the corner. The problems caused by the debt crisis aren't going to disappear overnight, and there are multiple side effects that have trickled through the global economy. People who think the economy is going to be returned to normal within a month or even a few months are sadly mistaken.
    The problem is that everyone wants answers, but no one knows what the right answer is. It's going to be a series of trial and error to get us out of the recession and back on track to faster growth.

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