All Star Economic News

[mmayr]

Well, the great minds here in America are now telling us that a double-dip recession is beginning to look more as a probability than a possibility. And I say… no kidding, Dick Tracy! We actually never came out of the recession, never mind some intermittent data that only served to confuse and mask the true state of most world economies, particularly those in much of the Western World. How can any student of economics knowing, or even guessing, that there were trillions of dollars of overvalued assets and phony paper still in the books of many major world banks, disregard it as a non-event? Depending on how many trillion are inflating the books, recession will stay with us, particularly in much of Europe and the United States, for as long as a decade.

http://www.tanosborn.com/columns/2011/need-economic-crimes-nuremberg-type-trials