Guest Post: Bank of International Settlements’ Tough Assessments Don’t Bode Well for World Economy

http://www.nakedcapitalism.com/2010/04/guest-post-bis-says-debt-crisis-caused-by-incompetent-governments-failing-to-save-during-boom-times-or-planning-for-aging-populations-or-contingent-liabilities.html

This agrees with my feelings that the West will never fully recover from this time of trial, or that recovery would be, at best, generations off...