Daily Financial Moment Of Clarity

| October 27, 2008

This morning’s words of wisdom from Bloomberg:

“To rebuild economic health in the United States, you need a serious recession that will last several years,” he said. “The patient that got drunk on credit growth needs to go into rehabilitation. To give him more alcohol, the way the Fed and the Treasury propose to do, is the wrong medicine.”

Be Sociable, Share!

Category: Economics, Main, Moment of Clarity

About the Author ()

Bruce Henderson is a former Marine who focuses custom data mining and visualization technologies on the economy and other disasters.

Comments are closed.