Eugene David
...The One-Minute Pundit

Wednesday, August 10, 2011

"Going back into recession now would be scary, because we don't have the resources or the will to respond, and our initial starting point is such a point of weakness," said Mark Zandi, chief economist at Moody's Analytics. "It won't feel like a new recession. It would likely feel like a depression."

Some people won't notice.

(Via Yahoo! Finance -- which reminds us: In May ESPNCORP was over $44.00. Today it's $30.00. If the Wall Street Casino dealers didn't specialize in daydreaming would we have panics? Oh, and it's down about thirteen percent in part because of the crafty way UB IGER fiddled with the numbers at His flagship)

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