Posts By © Elliott R. Morss, Ph.D.
I never anticipated the real estate downturn would result in a credit freeze and global recession. But it did. The article focuses on the industry that invests our money and things to avoid in the future.
We are living in unprecedented times. If there are no precedents, predictions are nothing more than guesses. Therefore, I present data with little commentary.
We are entering a deep recession. We will need $6 trillion in stimulus to get out. Governments cannot provide this much stimulus. It will be a long and deep recession.
Why did the credit freeze happen? Who were the culprits? Are the remedies being applied sufficient to unfreeze the credit markets? How is the freeze contributing to the global recession?