Sunday, February 7, 2010

Problems will be contained....(to planet earth)... contagion is a fact of life in our interconnected global economy & financial markets says Gretchen Morgenson ... quotes David Rosenberg: "...to save the world from economic collapse we have transferred the liabilities of the private sector to the public & not every country has the money to service or repay that debt..... We are in a post-bubble credit collapse and there are going to be periods of calm and stormy weather. Investors will have to navigate through the volatility... Unfortunately, I think we are still in the early stages. The next recession will happen more quickly than people think."... http://www.nytimes.com/2010/02/07/business/economy/07gret.html (4*)

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