Jun 30

Krugman says the depression has started

In the New York Times yesterday Paul Krugman’s Op-Ed piece suggested we are at the start of the world’s third depression thanks to fiscal tightening from Europe and the likely resultant deflation. I’m not going to do his article any more injustice so please have a read by clicking here…perhaps the stockmarkets of the world read this article over night also given the massive declines!

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