First with Financial Comment from Arabia

No US recovery until 2012-3 says Joseph Stiglitz

with 2 comments

Nobel Prize-winning economist Joseph Stiglitz of Columbia University has sobering words for those expecting a quick recovery in the US economy, like most of Wall Street?


Written by Peter Cooper

January 21, 2010 at 10:38 am

2 Responses

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  1. With all that has happened over the past 2 years, I believe it’s impossible for the global economy to recover by 2013.

    Elements of Trust are Broken:
    The fabric of “integrity and trust” has been torn to shreds; soon, countries will turn against countries (e.g. EUR against the PIIGS). The US “big banks” have no integrity, and don’t give a damn, as long as they continue to make big bucks from their fraudulent deals.

    Ripping Off the General Public:
    Some examples here: Continued fraud and corruption on a massive scale, continued fiat money printing by most central banks, major US government mis-steps, totally manipulated and centrally managed markets (stocks, currencies, bonds, commodities, etc.).


    January 21, 2010 at 8:31 pm

  2. I have been saying the same thing. It’s nice to see more people come out and tell the truth. No recovery this year or next year for that matter.



    January 21, 2010 at 7:43 pm

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