Skip to main content

View Diary: Global manufacturing in recession; rest of global economy to follow? (17 comments)

Comment Preferences

  •  True (1+ / 0-)
    Recommended by:
    Jim P

    I don't expect anything to actually get done.
       Everything to protect the banks has already been done, including mortgaging the futures of almost every nation in the industrialized world. Loading more debt on the public is no longer an option because it just increases risk for anyone investing in the countries, thus driving up interest rates to the point that no one trusts the balance sheets.

      What I'm waiting for is investors to see how Japan's situation is unsustainable (the original bailout of the world's banks). When that happens the whole world economy with shake.

    ¡Cállate o despertarás la izquierda! - protest sign in Spain

    by gjohnsit on Tue Sep 04, 2012 at 09:47:14 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site