While rising debt levels are a risk to growth, mainly in Europe,
authorities in the region “are now really committed to solve it”
and “the problem has been contained.”
Dominique Strauss-Kahn
Bloomberg, June 10, 2010
Statements by high officials are practically always misleading
when they are designed to bolster a falling market
Gerald M Loeb
"[T]he impact on the broader economy and financial markets
of the problems in the subprime market
seems likely to be contained."
Fed Chairman Bernanke
Testimony on March 28, 2007, via Calculated Risk
1 comment:
if the recovery is strong, why are 6 states in the US with budgets larger than Greece more upside down than that country?
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