Friday, May 29, 2009

A double recession in the offing!! I

A double recession in the offing!! Is Prof Robert Shiller talking only about UK or he means US also?


Source: business.timesonline.co.uk
One of the world's most influential economists warns today that Britain faces the prospect of two recessions in quick succession.

"Predicting the economy is even more difficult than forecasting the weather", says Bernanke, the Federal Reserve Chairman. And he advises: "be optimistic, be flexible — even adventurous" !!! (http://www.chicagotribune.com/business/nationworld/wire/sns-ap-us-bernanke,0,2406927.story)

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