“Let’s not mince words…this looks an awful lot like the beginning of the second Great Depression,” says Nobel-prize winning economist Paul Krugman.
Paul Krugman is wrong about a great many things; but he’s right about this. This is not a recession. It’s a depression…
February 12th, 2009 | Bill Bonner | 6 comments | Continued
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| All Ordinaries | 4322.600 | ||
| S&p/asx 200 | 4245.300 | ||
| Sse Composite Ind | 2351.981 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 8947.17 | ||
| Indu | 0.00 | ||
| S&P 500 | 1342.64 | ||
| Ftse 100 | 5852.39 |
