History of recessions, then & now
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How do these people keep their credibility? There we were over 7 months into the recession and he's arguing that there are no signs of a recession and that there probably won't be one.
It seems to be part of the wider American concept of awarding failure. Like how we tax companies doing well to prop up bad ones. Ford ran their company better, so they are being taxed so the gov can help their competition who didn't manage their company well.
History will not be kind to us.
christo930 2 years ago
Seems like Mr. Snow was wrong. Fuckin' incompetent like all the other treasury secretary.
gio4fun 3 years ago
now US dollar is backed by guns
sh200kr 3 years ago
These people are not seeing the international picture. Up to now the only reasons anyone from outside USA needed $US were to either buy oil or something made in USA. Now they don't need $US to buy oil anymore because they can get it from Iran and soon from Kuwait for other currencies. That only leaves a need for $US to buy goods and services made in USA. Expect a global selloff of $US. Unfortunately, for guess who, USA is only holding one card that it can play. Get ready to rumble.
timeshift618034 3 years ago