: IMF warns of further recession risks

[Dave Farber <dave () farber net>]

Begin forwarded message:

> From: Albert Lukaszewski <alukaszewski () acm org>
> Date: September 30, 2009 13:48:04 EDT
> To: dave () farber net
> Subject: IMF warns of further recession risks

> Dear Dave,
>
> I haven't seen this on the IP list yet and thought it might be of  
> interest.  The IMF is saying that the present economic crisis and  
> the accompanying corporate collapses and ultra-high unemployment is  
> only half the 'W' of the present recession.
>
> http://www.ft.com/cms/s/0/3d7b9bde-ad44-11de-9caf-00144feabdc0.html
>
> Others on the list would know more about it than I, but it would  
> seem the fantastic bail-outs that we have seen may have served only  
> to stagger the decline.
>
> Best regards,
>
> Albert Lukaszewski
>
> Albert Lukaszewski, PhD
> St Andrews, Scotland
>
> Mit Arbeit kommt gut Glück.



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