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08:49 PM
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Moran sez: We are looking straight into the face of a Great Depression
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[quote:Anonymous Coward 1195264:MV8xNzAwNjY1XzI4MTAyOTc3X0EwRkI2QzJG] They can kick the can down the streets for decades, just like Japan has. After all, it took the roman epire more than 100 years of rot and decline before it collapsed. My estimate is 15 years. [/quote]
Original Message
'We are looking straight into the face of a Great Depression' by Rick Moran
Who said it? Some blow dried, CNBC Cassandra? Perhaps a Fox Business jokester?
Nope. MIT Sloan School of Management professor Simon Johnson speaking at the opening of the CFA conference in Paris:
"We have built a dangerous financial system in the United States and Europe," said the former chief economist at the International Monetary Fund. "We must step back and reform the system."
Read more: [
link to www.americanthinker.com
]
(Isn't it great that his name is Moran??)
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