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REPORT ABUSIVE REPLY
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Message Subject
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THE ECONOMY & YOU # (Daily Updated Videos & Articles)
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Poster Handle
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Marxist |
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Down Goes Britain: The UK Economy Tumbles Deep Into RecessionMichael Snyder, Contributor Thursday, July 26, 2012 Activist Post The economic crisis that is sweeping Europe is starting to hit Britain really hard. Over the last couple of years economists have been warning that we can't let the "contagion" spread from troubled nations such as Greece and Portugal to the rest of Europe. Well, it is too late for that now. Spain and Italy are coming apart at the seams at this point, and even "stronger" nations such as the UK and France appear to be deeply troubled. CONTINUE: [link to www.activistpost.com] I was listening to some dingbat of an economist suggesting that we need export economies and not credit driven ones. I was like.,....wow...are these people for real? If everyone sold ice cream, who would buy the goods. In addition, how would we sustain growth without futurised spending (credit.) Capitalist economists are seriously stupid.
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