Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
tip jar for Rubini.

Anyone got further comments on this?

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia

by whataboutbob on Thu Apr 23rd, 2009 at 08:18:11 AM EST
European Tribune - Roubini: 2009 Global Economic Outlook - so far
deep and protracted U-shaped recession
"L", that's the new U.
by Bernard (bernard) on Thu Apr 23rd, 2009 at 03:13:02 PM EST
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...with h/t to ARGeezer.
by Bernard (bernard) on Thu Apr 23rd, 2009 at 03:19:50 PM EST
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George Soros is calling a "square-root recovery":

US Banks 'Basically Insolvent': Soros - Economy * US * News * Story - CNBC.com

The recovery will look like "an inverted square root sign," Soros said. "You hit bottom and you automatically rebound some, but then you don't come out of it in a V-shape recovery or anything like that. You settle down--step down."

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Fri Apr 24th, 2009 at 05:27:52 AM EST
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