Tuesday, 26 June 2007

Financial Institution Warns of Economic "Depression" Danger.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/25/cncredit125.xml

"Virtually nobody foresaw the Great Depression of the 1930s, or the crises which affected Japan and southeast Asia in the early and late 1990s. In fact, each downturn was preceded by a period of non-inflationary growth exuberant enough to lead many commentators to suggest that a 'new era' had arrived", said the bank.

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