Sunday, March 1, 2009

Recovery in 2 years?

The Fed chairman reportedly said that, the U.S. economy is in a “severe” contraction, and warned the recession may last into 2010 unless policy makers can stabilize the financial system. (Bloomberg, Feb24th)

Now, here is the Trillion dollar question. Does he think that anyone can stabilize the financial system? Does anyone have any idea how to fix the 'system'? It is like one of those viral infections. It is going to run its course. Only, this is going to take a LONG time and a lot of pain.

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