Daily news and opinion from le Chat Marchet
November 21st, 2008 at 10:36 am

How deep a recession? (The Christian Science Monitor)

Posted in: Uncategorized

Traders work on the floor after the morning bell at the New York Stock Exchange. Fears of a global recession intensified on Friday after US lawmakers dashed the auto industry's hopes of a rapid bailout and grim news on the jobs front continued to pile up.(AFP/Getty Images/Mario Tama)The Christian Science Monitor - A surge in layoffs, a sharp pullback in consumer spending, and a credit crisis that drags on despite a massive government rescue have prompted some forecasters to predict the worst economic downturn since World War II.


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