Thread: Worst of financial crisis yet to come: IMF chief economist
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Old 11-25-2008, 05:28 PM  
_Richard_
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Quote:
Originally Posted by WhiplashDug View Post
Things could get really bad... if the governements continue to try to fix things through regulation, then it will stay worse for even longer. The thing to be weary off, is if we continue to see this recession turn into serious deflationary phase. If thats the case, I would not be surprised to see 15-20% unemployment in the USA. There will be companies closign down left and right.
regulation didn't fix the great depression?
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