World-News

Ellen Brown, Truthout: 'On Thursday, August 4, the Dow Jones Industrial Average fell 512 points, the biggest stock market drop since the collapse of September 2008. Why? Weren t the markets supposed to rebound after the debt ceiling agreement was reached on Monday, avoiding US default and a downgrade of US debt? So we were told, but the market apparently understands what politicians don t: the debt deal is a death deal for the economy. Reducing government spending by $2.2 trillion over a decade, as Congress just agreed to do, will kill any hopes of economic recovery. We're looking at a double-dip recession. The figure is actually more than $2.2 trillion.'

http://www.truth-out.org/market-has-spoken-austerity-bad-business/1312817226



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=stock+market
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recovery
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=spending
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=austerity
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown

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