Posted by: drgeophysics | June 7, 2009

Economy–still on the brink

There was an excellent New York Times article about the economy today, here is a quote:

“The storm is not over, not by a long shot. Huge structural flaws remain in the architecture of our financial system, and many of the fixes that the Obama administration has proposed will do little to address them and may make them worse.”

This matches what I’ve seen. The economy is starting a very strong negative feed back.

Follow this link to the article.

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