Post Tagged with: "Gillian Tett"

August 5, 2011 05:14

“We’re in a depression” – Peter Schiff

“Anyone who was looking for a quick recovery was basically in cloud cuckoo land” says Gillian Tett, US managing editor, Financial Times. “The world is waking up to the fact that there is a process of so called deleveraging going on. That economies and companies and banks still need to cut debt and so do households and that process is going to be brutal and slow.”