Ed Driscoll

"GE Chief Warns On US Depression Threat"

That’s the headline from the Financial Times, which notes:

The US economy is suffering its steepest downturn since at least the 1970s and could descend into a depression, Jeff Immelt, General Electric’s chief executive, warned on Thursday.

Far from warning about a devastating economic slowdown, most of GE’s other spokesmen are surprisingly copacetic with the idea.