Saturday, September 13, 2008

US heading for Depression?

Just got home from a busy business trip and trying to get my head around current events/issues. My inbox is full! Apologies for lack of posts and correspondence the last couple of days

Hat tip FoFoa for the following video tip!

Bailouts Will Push US into Depression:

The end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.

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