IMF: West is stuck in near depression

[gates]

wow, glad to hear its just NEAR and not actually IN - heh...

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8039789/IMF-admits-that-the-West-is-stuck-in-near-depression.html

[carguym14]

How is cutting gov employees going to play out in the big picture?

I know gov at all levels (and just about all countries) is too big,but at this point the private sector won't be able to absorb all those newly unemployed.At least we get to watch it happen over there first.

From some of the pics,I don't think the people are too enthusiastic about austerity yet.I have a feeling it's going to be a bitter pill.

I still keep coming back to another world war.Get the peoples minds of their troubles,and reduce the peasnat population at the same time in the name of <some> God and Country.I pray that it doesn't happen,but what are the alternatives?Even if we get all our manufacturing base back,who will buy our stuff?We are in deep,as well as the rest of the world......

[Ricketts]

We need to cut the size of government. If only to let those bastards feel what we have been feeling by their hand.

[gates]

Don't be a hater:-)

[gates]

Where's Jokker and his quick fix?...

[RG Coburn]

Is this like almost being pregnant?

[Skilter]

I know "I" am depressed...