Brazil official: Crisis could be worse than 1930s - Associated Press - GoFuckYourself.com

xmas13 · 09-26-2008, 12:12 PM

http://www.iht.com/articles/ap/2008/...l-Meltdown.php

The top executive of Brazil's state-owned development bank on Friday said the current world financial crisis could prove more severe than the Great Depression of the 1930s, Brazilian media reported.

JP Morgan Chase & Co. reduced its 2009 forecast for Brazilian gross domestic product to 3.2 percent, from 3.8 percent, analysts said in research note Friday.

_Richard_ · 09-26-2008, 12:41 PM

seems to be the consensus..

Agent 488 · 09-26-2008, 12:47 PM

the fundamentals are strong.

xmas13 · 09-26-2008, 02:32 PM

http://www.ft.com/cms/s/0/1d6a4f3a-8...0779fd18c.html

The US will lose its role as a global financial ?superpower? in the wake of the financial crisis, Peer Steinbrück, the German finance minister, said on Thursday, blaming Washington for failing to take the regulatory steps that might have averted the crisis.

?The US will lose its status as the superpower of the world financial system. This world will become multipolar? with the emergence of stronger, better capitalised centres in Asia and Europe, Mr Steinbrück told the German parliament. ?The world will never be the same again.?

C-Bass · 09-26-2008, 02:41 PM

Quote:

Originally Posted by budsbabes

the fundamentals are strong.

You mean the "other" fundamentals right?

Angel Martin · 09-26-2008, 02:42 PM

The boundaries may errupt revenues to a financial disfigurement in "philosophical terms" ofcourse.

09-26-2008, 12:12 PM	#1
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Brazil official: Crisis could be worse than 1930s - Associated Press http://www.iht.com/articles/ap/2008/...l-Meltdown.php The top executive of Brazil's state-owned development bank on Friday said the current world financial crisis could prove more severe than the Great Depression of the 1930s, Brazilian media reported. JP Morgan Chase & Co. reduced its 2009 forecast for Brazilian gross domestic product to 3.2 percent, from 3.8 percent, analysts said in research note Friday. __________________ ICQ 557504926

09-26-2008, 02:32 PM	#4
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	http://www.ft.com/cms/s/0/1d6a4f3a-8...0779fd18c.html The US will lose its role as a global financial ?superpower? in the wake of the financial crisis, Peer Steinbrück, the German finance minister, said on Thursday, blaming Washington for failing to take the regulatory steps that might have averted the crisis. ?The US will lose its status as the superpower of the world financial system. This world will become multipolar? with the emergence of stronger, better capitalised centres in Asia and Europe, Mr Steinbrück told the German parliament. ?The world will never be the same again.? __________________ ICQ 557504926

09-26-2008, 02:42 PM	#6
Angel Martin Confirmed User Industry Role: Join Date: Apr 2008 Posts: 340	The boundaries may errupt revenues to a financial disfigurement in "philosophical terms" ofcourse. __________________ SeoPorntexts.com - COPYWRITING - SEO - BANNERS - ICQ: 589330313 - EMAIL: jimmy-lewis @ live.com

09-26-2008, 12:41 PM	#2
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,991	seems to be the consensus..

09-26-2008, 12:47 PM	#3
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	the fundamentals are strong.