"this crisis involved the entire world, rather than being confined to a single country. And, unlike the Great Depression, this time the financial system was put on artificial life-support, rather than being allowed to collapse."
Some other headlines:
The Economy Continues to Lose Jobs
Jobs Contract 24th Straight Month; Unemployment Rate Stays At 10.0%
Canada Jobs Unexpectedly Fall 2,600, Led by Transport
Consumer Credit Drops Record $17.5 Billion; Steepest Declines Since WWII
Consumer Credit in U.S. Drops Record $17.5 Billion in November
Biggest monthly drop in consumer credit outstanding ever
Jim Chanos, Kyikos Chairman:
"China's real estate sector...looks like Dubai 1,000 - or worse"
Contrarian Investor Sees Economic Crash in China