We are in one of the toughest times in economy history. If you have not read the newspaper or magazines, the economists says this is the worst recession after the great depression in 1929-1930. Every day there is lot of bad news about the bankruptcy filing and number of lay-offs from the corporate giants. It [...]
Tag Archives: usa economy
Fed chief Bernanke wants forceful action to stem crisis
March 11, 2009
Federal Reserve chief Ben Bernanke on Tuesday called on governments to take “forceful” action to stem unending financial turmoil and immediately consider reforms to prevent another crisis. Describing the current financial turmoil as the worst since the Great Depression of the 1930s, he said until governments stabilized the financial system, “a sustainable economic recovery will [...]
Buffett Compares Economic Crisis With Pearl Harbor
March 11, 2009
World’s richest man Warren Buffet says about his opinion on the global economic condition to the CNBC media. Warren Buffett said yesterday that the US economy had “fallen off a cliff”, describing the current crisis as “an economic Pearl Harbor” as concern spread about the US Administration’s fitful attempts to halt the collapse of the [...]







April 25, 2009
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