Prelude to a depression

The Next 18 Months: Recession, False Recovery, Depression

By Guest Column —— Bio and Archives--March 19, 2009

American Politics, News | Comments | Back To Full Article

Sam Vaknin, Ph.D. The Obama stimulus package, worth some 800 billion USD, the 1.9 trillion USD in TARP funds and the endless Fed injections and auctions are bound to revive the moribund American economy by the third and fourth quarter of 2009. The Dow-Jones is likely to touch 10900, consumption will recover, as will housing starts and, in some markets, housing prices.

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