Abyssal_Worm
Aug 19th, 2008, 3:44 AM
http://www.reuters.com/article/ousiv/idUSSP21695020080819
"The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday."
"We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks, said Rogoff, who is an economics professor at Harvard University and was the International Monetary Fund's chief economist from 2001 to 2004."
Sounds like something potent for crunch time in the election. This, along with Iraq, looks to be the main focus this fall. Odd thing though, neither candidate strikes me as the "I know what to do to fix the economy" type.
"The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday."
"We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks, said Rogoff, who is an economics professor at Harvard University and was the International Monetary Fund's chief economist from 2001 to 2004."
Sounds like something potent for crunch time in the election. This, along with Iraq, looks to be the main focus this fall. Odd thing though, neither candidate strikes me as the "I know what to do to fix the economy" type.