A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks.
Treasury Official: Credit Crunch Easing – Business on The Huffington Post
The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.
Buffet sees ‘long, deep” U.S. recession
On the other hand, if you agree with Buffet you also agree with the man who presided over two of the worse performing economic eras since the Great Depression, two asset bubbles, missed the subprime mess and thought the housing market mania was just froth.
Recession still likely in the US, says Greenspan – Financial Times
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