Some rich investor tells British reporters in Hong Kong that the US is in a recession.
“The US economy is undoubtedly in recession,” Rogers told the Telegraph in Hong Kong in an article published on its Website.
“Many parts of industry are actually in a state worse than recession. If it were not for (Federal Reserve Chairman Ben) Bernanke putting huge amounts of money into the market, the stock market would probably be down much more than it is.”
Sounds rather serious. Maybe with these nifty interwebs, the word will get around to all the people who still need to be told such things from rich guys before they believe it.
