Sunday, June 29, 2008

Back to the great depression ?

I just have to continue writing this blog. Scroll below to see My Blog List in the left hand column. This list contains a link to "The naked Capitalism" blog. Search for the article - Back to the great depression ? and read it. Scary.
Here is the first paragraph:
A story in the UK's Times give a recap of the gloomy forecasts for the US and world economy, including a particularly cheery prediction by a SocGen strategies that foresees that the Dow will drop to 4500 and the S&P 500 to 500. Not included in this forecast is a grim warning from Barclays and a forecast of a US financial meltdown in the next few weeks from Fortis.
Cheers.
P.S. I now have three blog posts for Saturday and Sunday including this one. Scroll down to read the other two.