2002 September 26 Thursday
Global deflationary recession beginning?

This article in The Scotsman reviews some of the evidence:

What is spooking world stock markets is not just disappointing results from top blue-chip companies. It is that the world economy may now be staring a deflation recession in the face.

US interest rates are now at a 41 year low:

In any event, it is increasingly apparent that bringing interest rates down to a 41-year low has not sparked the widely trumpeted recovery. Greenspanís blunt truth to Brown may be that if he is looking for a quick fix, thereís just none on offer.

Share |      By Randall Parker at 2002 September 26 11:12 PM  Economics Political


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