I have been in the next technical recession is coming soon camp for a few months now. Between Europe's mess, our gross inability to get out the Great Recession for many reasons, our intractable Tea Party Congress that wants another recession, and obviously more things like deflation/inflation and a housing market in disarray, we could be screwed. We need action ASAP, not inaction.
I want to be wrong here.
CNN: Forecast says double-dip recession is imminent
...all those indicators are now pointing to a new economic downturn in the immediate future.
...it is still possible that the recession will be mild this time, lasting less than a year with relatively limited job losses.
3 comments:
I call what were in the NEW DEPRESSION not a Recession at all.
Definitely more appropriate to call it a Depression.
Problem here is that its going to get worse.
I agree, this time around the deficit hawks rule the roost. One problem we have this time around is a HUGE overhang of Gov't @ all levels now. Another is regulation is only done to the little guy and against the pols enemies or their backer/clients enemies. Each set of Corporatist elites rules ( makes the rules) to fit their needs and attacks their political and economic enemies using State power. The rest of us are merely pawns anymore of little consequence.
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