This is kind of scary, but I guess it's nice having one politician speak the truth for a change. BEIJING (Reuters) - A long-term global recession is certain to happen and China must focus on domestic problems, Chinese Vice Premier Wang Qishan has said. "The one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the international financial crisis will be chronic," Wang was quoted by the official Xinhua news agency as saying at the weekend. China vice premier sees chronic global recession - Yahoo! News
Not much of a bombshell per say, just calling the kettle black. Here's a pretty comprehensive article about the great global recession though. Guest Post: What This Country Needs Now Is Hope | ZeroHedge