Thursday, July 30, 2009

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Gentlemen, the Depression is over

The crisis is over, the crisis has reached the negative peak, the worst is over, everything turns out for the best: this is the message that the media are presenting ever more insistently in recent days. If the crisis was, as claimed by Berlusconi, only psychological , then these statements of optimism may also have a positive effect but we know that it is not.

E 'disturbing statements today then read that closely resemble those of eighty years ago.

Berlusconi - July 22

" The crisis is vented to the financial system and those who had Do it and do . We look forward to recovery, we will be safe. "Moreover, the thesis of the Knight is unknown. For Berlusconi should not be" afraid of fear, "the crisis is over and the psychological " negative "is the real brake to recovery.

Herbert Hoover - May 1, 1930

Although the market crash happened just six months ago, I am convinced that we have passed the worst time and continuing our joint efforts we will have a speedy recovery. There were no significant failures of banks and industries e. Although this danger is behind us.

Obama - July 29

" The news is stunning, but we're beginning of the end of the recession . So the U.S. president Barack Obama, commenting on the health of the U.S. economy before an audience of ordinary citizens in Raleigh, North Carolina. "We are no longer in free fall, the financial system is collapsing. We lose 50% fewer jobs than last year. House prices are rising after three years." Sure, he admits, this is not consolation "people who have lost their jobs, but we are in the right direction . In hard times, however, are not yet finished"

Herbert Hoover - June, 1930

"Gentlemen, you arrived 60 days late. Depression ended "

Harvard Economic Society, August 30, 1930

" Depression has nearly exhausted its momentum "

Harvard Economic Society, November 15, 1930

" We the end of the declining phase of the Depression "

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