GE’s (GE) Immelt Says Economy As Bad As Early 70s, Maybe Worse
February 5, 2009 by Douglas A. McIntyre
It is worth noting when the head of the world’s largest conglomerate comments on how bad the economy. Jeff Immelt made some grim comments this morning. They speak for themselves.
According to Reuters, "The U.S. economy is in its worst shape since the deep recession of 1974 and 1975, and if it deteriorates further the most meaningful comparisons will be to the Great Depression, General Electric Co (GE.N) Chief Executive Jeff Immelt said."
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.