13 Dec 2011

Our decade from hell will get worse in 2012

As financial historian Niall Ferguson writes in Newsweek: “Double-Dip Depression We forget that the Great Depression was like a soccer match, there were two halves.” The 1929 crash kicked off the first half. But what “made the depression truly ‘great’ …began with the European banking crisis of 1931.” Sound familiar? Source/full story