GE chief warns on US depression threat
The US economy is suffering its steepest downturn since at least the 1970s and could descend into a depression, Jeff Immelt, General Electric’s chief executive, warned on Thursday.
• US Inflation Could Hit 200%: Dr. Doom
• Volcker, Warren and Stiglitz Slam Government Approach to Crisis
• Could this be FAR WORSE than the GREAT DEPRESSION?
• Monthly Job Losses Could Top 500,000 Again
Friday, 6 February 2009
Posted by Britannia Radio at 13:22