HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Sat, 21 Nov 2009 21:40:57 +0000 http://wordpress.org/?v=2.1.3 en Will Recovery Take 10-20 Years? http://watchmojo.com/web/blog/index.php/2008/10/26/will-recovery-take-10-20-years/ http://watchmojo.com/web/blog/index.php/2008/10/26/will-recovery-take-10-20-years/#comments Mon, 27 Oct 2008 00:39:09 +0000 Ashkan Karbasfrooshan Financing http://watchmojo.com/web/blog/index.php/2008/10/26/will-recovery-take-10-20-years/ The ongoing financial turmoil and economic gloom will take 10 or 20 years to heal, Hugh Hendry, partner at hedge fund Eclectica, told CNBC.

“It’s not a question of losing out in a recession, I’m talking about 10 or 20 years before we recover from this. This is a catastrophe,” Hendry told “Power Lunch Europe.”

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