Who has not been taking note of the steep fall in economic activity?
The record debts, liabilities & bank bail-outs alone are never off the news these days - and the coming recession (whilst connected, obviously) is not quite the same thing and has yet to get as bad as it's going to get.
Growth in most of the west is now zero, negative and/or falling sharply (and the indicators always lag behind real events as they are by nature reactive).
The only weird thing about any of this is how the analyst's projections are so late in the day and only now beginning to say that a huge fall-off in trade is about to hit. Traders have known it for months.
Reader Comments (Page 1 of 1)
Multi-format-mayhem @ Oct 14th 2008 12:16PM
Who has not been taking note of the steep fall in economic activity?
The record debts, liabilities & bank bail-outs alone are never off the news these days - and the coming recession (whilst connected, obviously) is not quite the same thing and has yet to get as bad as it's going to get.
Growth in most of the west is now zero, negative and/or falling sharply
(and the indicators always lag behind real events as they are by nature reactive).
The only weird thing about any of this is how the analyst's projections are so late in the day and only now beginning to say that a huge fall-off in trade is about to hit.
Traders have known it for months.