Tag Archives: CHANGE OF WORLDS

WORLD RECESSION TURNING TO WORLD DEPRESSION(OLD WORLD OUT;NEW WORLD IN)

Recession Will Be ‘Full-Blown Depression’: Strategist
Published: Friday, 16 Oct 2009 | 8:03 AM ET
Text Size
By: CNBC.com

 This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street.

 Wall Street is making money, while consumers aren’t, Harajchi told CNBC.

 “We have seen the G20 coming out with cross border capital injections of $5 trillion this year… But a lot of this money hasn’t really come down to Main Street,” he said. Continue reading