Joseph Stiglitz, Roubini, Krugman: All agree that we have not even hit bottom yet.
From Der Spiegel, by way of Salon:
Joseph Stiglitz: "It's going to be bad, very bad. We're experiencing the worst downturn since the Great Depression, and we haven't reached the bottom yet. I'm very pessimistic. Governments are indeed reacting better today than during the global economic crisis. They're lowering interest rates and boosting the economy with economic stimulus plans. This is the right direction, but it's not enough."
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