`Worst Is Ahead' for U.S. Economy'

[ByLoSellHi]

Barclays's Harris Says `Worst Is Ahead' for U.S. Economy December 30 (Bloomberg) -- Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc., and Richard DeKaser, chief economist at National City Corp., talk with Bloomberg's Peter Cook about the outlook for the U.S. economy.

Video: http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/vHXSmyp68YI4.asf

 

[talknet]

Quote from ByLoSellHi:

`Worst Is Ahead' for U.S. Economy'

"Global financial crisis 2008" was just the "tip of an iceberg".

"Global financial crisis 2009" will be 90% of iceberg under the water

In real world, 90% of iceberg is under the water. Only the "tip of iceberg" is visible above the water. That's the reason "Titanic" sank. They did not see 90% iceberg under the water.

The worst is yet to come