“We are experiencing among our clients an awakening that the United States is in big trouble,” said Erik Nielsen, chief Europe economist at Goldman Sachs.
The New York Times, 11/8/07, p. 1
Ben. S. Bernanke, chairman of the Federal Reserve, told Congress on Thursday that the economy was going to get worse before it got better, a message that received a chilly reception from both Wall Street and politicians.
The New York Times, 11/9/07, p. 1
Have the professionals just awakened to what millions of Americans have known for the past couple of years--or longer--or have they just realized that they can't sell their bill of goods any more?
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