And, yes, I DO take it personally: NOW, they're talking recession

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And, yes, I DO take it personally

Tuesday, January 22, 2008

NOW, they're talking recession

how very interesting...

"The economy is still staring recession in the face, but at least the Fed now gets it," [said Ian Shepherdson, chief U.S. economist with the High Frequency Economics consulting firm].

anybody with half a brain could see this one coming... look how long it's taken for them to use the "R" word... given these folks' aversion to saying "SHIT" even when they're up to their eyeballs in it, anybody want to place any bets on how long it takes 'em to start using the "C"* word...?

* "C" = collapse

Labels: Dow Jones, economic collapse, economy, Federal Reserve System, Henry Paulson, stock market crash, Wall Street