"I fear the worst is yet to come."
Dr. Doom should change his name to the Grim Reaper:
"Even using the nuclear option of guaranteeing everything, providing unlimited
liquidity, nationalising the banks, making clear that nobody of importance
is going to be allowed to fail, even that has not helped. We are reaching a
breaking point, frankly."
He believes governments will have to come up with an even bigger international
rescue, and that the US is facing "multi-year economic stagnation".
About this blog
Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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