"The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War." - Alan Greenspan in a Financial Times commentary today.
Kenneth Rogoff, the former chief economist at the International Monetary Fund and now a professor at Harvard University, said the greenback may drop another 12 percent on a trade-weighted basis. ``This recession will be long and deep and when we get out of it, we'll have inflation,'' Rogoff said in an interview. ``Confidence in the dollar is down.'' - bloomberg.com today
Stephen Schork, alluding to expectations that crude prices were ready for a correction. "After all, the U.S. economy is circling the bowl and the fundamentals have to catch up to the market at some point." editor of Schork Report - on Yahoo Finance today
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