Simon Moss: “depression a distinct possibility”

This chappy has it right. Where I don’t agree with him is that governments should nationalize banks but other than that, he’s clear as to the why and the how of the shortest path out of this mess.

http://www.bloomberg.com/avp/avp.htm?N=av&T=Moss%20Says%20Economic%20Depression%20%60A%20Distinct%20Possibility%27&clipSRC=mms://media2.bloomberg.com/cache/vlGlG1Pc3MVs.asf

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