Hah hah what a dumbass misleading title for an article, they have a bunch of quotes that from the ones I paged thru not one even mentions a depression in 2011.
Check out the one they have from Merckel:
Quote:
The current crisis facing the euro is the biggest test Europe has faced for decades, even since the Treaty of Rome was signed in 1957.
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Clearly a prediction of coming Depression.
The quote from an advisor in an article recommending gold:
Quote:
"The crisis in Greece is going to spread to Spain and it’s going to be very difficult to deal with. They are bailing out debt with more debt and it isn’t sustainable. It’s a wonderful scenario for gold."
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Yup! Sounds like a prediction of heading towards a Depression in 2011 to me.
Here is a larger slice of the quote from Kevin Giddis that you only got carefully selected part of:
Quote:
"There is big money making big bets that at a minimum we we'll have a recession if not a depression that could last for years," said Kevin Giddis, managing director of fixed income at Morgan Keegan. "It's a scary scenario to subscribe to, but that's the current one being batted around." It's not a theory that Giddis agrees with; he believes the U.S. economic recovery is strong enough to withstand any problems with Greek debt and the euro.
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From doomsayer depression predictor #14, Zillow:
Quote:
Anyone expecting a robust rebound in the housing market ... will be sorely disappointed.
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Does anyone in that article even utter the word Depression at all?