Friday, 6 February 2009

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