Thursday, October 16, 2008

Financial crisis quote of the day

". . . consumer spending is now plunging at serious-recession rates. . . . even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs. "

- Paul Krugman, blog post entitled "train headed downhill"

No comments:

Post a Comment

Because all comments on this blog are moderated, there will be some delay before your comment is approved.