Tuesday, September 16, 2008

The Road to Perdition

PUBLISHED IN MINT ON SEP 17, 2008

A short commentary on the recent events of Lehman bankruptcy and Merrill take-over by Bofa. Ultimately, the events of the last few weeks have signalled the definitve beginnings of what is going to be an extended Economic Depression for the US. Much similar to the 1930's with the added problem of skyrocketing consumer prices.

1 Comments:

At 10:42 PM, Blogger Amit said...

Dire predictions for the U.S. economy. What happens to the rest of the world? Do China and India chug along at a slightly lowered growth rate? Or face a harder future in the medium term? Shan, tell us what you think in a future article.

 

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