Global Economic Shock Worse Than Great Depression


	Global Economic Shock Worse Than Great Depression

chestnut501

4-8-2009 12:44 AM

233 views

chestnut501 says:

World Stock Markets, Then and Now

2 Comments |

Add a Comment

4-8-2009 8:43 PM

Kreuzberg-Jakob

.... and don't forget the following worldwar.The only outcome of the depression.
The last one made Europe sick and USA strong. The next won't left any winner - besides the nature, to rebuild the destroyed planet.

4-8-2009 9:31 PM

chestnut501

History repeats itself.

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from April 8, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/59a47202-01ee-4748-8ada-b8a0cfc742ea/CBFC352E-27DF-463E-832B-8B341B179C7C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/2009/04/07/global-economic-shock-wor_n_184283.html" href="http://www.huffingtonpost.com/2009/04/07/global-economic-shock-wor_n_184283.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/07/global-economic-shock-wor_n_184283.html"><P>The global economic collapse of the last several months is already greater than the shock that hit the world 80 years ago, triggering the Great Depression, <A href="http://www.voxeu.org/index.php?q=node/3421">two economists reported Tuesday.</A></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/07/global-economic-shock-wor_n_184283.html"><P>But by focusing narrowly on U.S. economic metrics, policy makers have missed the depth of the crisis and are too optimistic about recovery, they argue.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/07/global-economic-shock-wor_n_184283.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.huffingtonpost.com/img/C65E82B5-68E5-4B36-ABA3-58D78D421512" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/07/global-economic-shock-wor_n_184283.html"><P>"Countries that have had severe banking problems exported their way out of the problem," said Eichengreen, citing Japan, Norway and others. But today, with the global economy in such steep decline, increasing exports is highly difficult.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/07/global-economic-shock-wor_n_184283.html"><P>"The point that we were trying to make is that the need for a coherent, aggressive policy response globally is really very pressing," said Eichengreen.
</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CBFC352E-27DF-463E-832B-8B341B179C7C/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips