"FRANKFURT (MarketWatch) â?? â??Depressionâ?? isnâ??t the word usually used to describe the euro-zone economy, but it may become increasingly appropriate as hopes for a recovery give way to fears of an extended and destructive downturn that policy makers seem unable to halt.
â??Unemployment is at a record high, credit is going down, banks are failingâ?¦what do you call an economy like that?â?? said Carl Weinberg, chief economist at Valhalla, N.Y.-based High Frequency Economics and an unabashed user of the â??D-wordâ?? to describe Europeâ??s economic situation."
10 years from now, we will all be living in a national socialist state.