2009-09-10bloomberg.com

“Given the extent of damage done to the financial system, the loss of wealth for families and the necessary adjustments after a long period of excessive borrowing around the world, it is realistic to assume recovery will be gradual, with more than the usual ups and downs,” he said.

Everyone please fasten your seatbelts. Keep your arms and hands inside the car. This is going to be a bumpy ride...



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