Sunday, 9 October 2011

This may be worse than the Great Depression: Bank of England Governor:

The Bank of England caught financial markets by surprise yesterday by announcing that it will inject £75bn into the ailing British economy over the next four months.

“It’s Going to Get a Lot Worse”: ECRI’s Achuthan Says New Recession Unavoidable:

Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.