Forex | Forex | Less Bad is Not Good Enough--Part 2 (17/07/2009 06:59:46)

Less Bad is Not Good Enough--Part 2

Six weeks ago we wrote a comment titled "Less Bad is Not Good Enough", meaning the worst is over, but that recovery was some time off. We also mentioned numerous times that the massive stimulative actions undertaken by the Fed and the White House had averted a global financial and economic collapse, but that the deep and prolonged recession would have to run its course. We also stated our view that the recovery would be extremely subdued as a result of the poor financial state of consumers and


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