Certainly seems like we're headed that direction given the latest economic data releases. I don't see much help coming from our government (that includes both parties), despite their ability to further stimulate a recovery.
Time to panic? You Betcha.
It really can't be said too many times, there is NO debt crisis and austerity WILL make things worse. That is my official position. I really hope our nation figures it out before we repeat the mistakes of the Great Depression and the Lost Decade of Japan.
A Ph.D. student's perspective on Catholic Social Teaching and economics.
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