“I’m confident in the long run this economy will come back.” – U.S. President George W. Bush.
“By restricting flows of credit to households, businesses, and state and local governments, the turmoil in financial markets and the funding pressures on financial firms pose a significant threat to economic growth.” – Bernanke.
“I believe a forum to decide on big changes in the international economy can be held in the next few months.” – British Prime Minister Gordon Brown.
“It is shocking to see how quickly the temporary relief – following recapitalization of banks by governments and other measures fizzled out. Damage to the real economy has already been done and has been so extensive that at least a deep global recession will take place.” – Dariusz Kowalczyk, chief investment strategist, CFC Seymour in Hong Kong.
“International funds are pulling back and putting their money into whatever is safest, Treasuries or cash or paying off existing debt.” – Amar Gill, head of thematic research at CLSA in Singapore.
About Alex Akesson
Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications.
Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.
What Government Officials Have to Say About The Crisis:
“I’m confident in the long run this economy will come back.” – U.S. President George W. Bush.
“By restricting flows of credit to households, businesses, and state and local governments, the turmoil in financial markets and the funding pressures on financial firms pose a significant threat to economic growth.” – Bernanke.
“I believe a forum to decide on big changes in the international economy can be held in the next few months.” – British Prime Minister Gordon Brown.
“It is shocking to see how quickly the temporary relief – following recapitalization of banks by governments and other measures fizzled out. Damage to the real economy has already been done and has been so extensive that at least a deep global recession will take place.” – Dariusz Kowalczyk, chief investment strategist, CFC Seymour in Hong Kong.
“International funds are pulling back and putting their money into whatever is safest, Treasuries or cash or paying off existing debt.” – Amar Gill, head of thematic research at CLSA in Singapore.
About Alex Akesson
Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications. Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.