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