> Volcker said industrial production around the world was
> declining even more rapidly than in the United States,
> which is itself under severe strain.
>
> "I don't remember any time, maybe even in the Great
> Depression, when things went down quite so fast, quite
> so uniformly around the world," Volcker said.
<http://www.youtube.com/watch?v=WW1003o7ZzQ>
Where he assures us that "capitalism will survive."
Volcker also blames the minting of too many financial engineers. Heh.
Shane