To be sure, this is a major recession and its downside risks in the midst of a highly volatile financial market environment shouldn't be underestimated. There are reasons, though, to believe that its severity and length will ultimately be contained by an unprecedented array of economic policy measures, some already in place, others in the pipeline.Give it a read and judge for yourself.
Thursday, December 11, 2008
This article from Fortune magazine takes on the thankless task of trying to predict the future. The author argues that the downturn will likely last through the middle of 2009 noting that:
Posted by Simon Lono at 5:06 PM