The US economy shrank in the third quarter, official data confirmed Tuesday, as the IMF's top economist warned of a second Great Depression offering no respite from relentless gloom ahead of Christmas.
[...]
"It is imperative to stifle this loss of confidence, to restart household consumption, if we want to prevent this recession developing into a Great Depression," [the IMF's top economist, Olivier Blanchard] added.
— US economy shrinks as IMF warns of Great Depression
[...]
"It is imperative to stifle this loss of confidence, to restart household consumption, if we want to prevent this recession developing into a Great Depression," [the IMF's top economist, Olivier Blanchard] added.
— US economy shrinks as IMF warns of Great Depression
Thanks, Olivier, that oughta do it. I know my confidence is going up already.
Reminds me of the captain of serious volleyball team I once played on. He called time out in a championship match to scream at us: "Relax!! We're too damn tight!!!! RELAX!!!!!"
