Wednesday, December 03, 2008

Chrysler says we may face depression

Forget recession that is so last year, Jim Press, Chrysler's vice chairman says "If we have a catastrophic failure of one of these car companies, in this tender environment for the economy, it's a huge blow. It could trigger a depression."

Very scary, but I did warn you about this. Things are getting ugly out there. It will be a long cold winter.

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