You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #2: The high risk financial regime [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-07-09 05:02 PM
Response to Original message
2. The high risk financial regime
that blew up the world economy is still firmly in place. The same feckless greed heads who created the system are still in charge. There is a mountain of debt, public and private hanging over us, we're facing an energy crisis and environmental collapse and the S&P is trading at a multiple of 130. There are 30 million people out of work and 1 in 10 mortgages are underwater or in actual default. If everything goes right we may grow by 2% in 2010, or maybe 2011. You don't need a Phd from MIT to figure out that we are way up shit creek in a leaky canoe.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC