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Don’t Read This If You Scare Easily
Following up on the prior post about the stock market is this sobering article from Atlantic magazine.
4 Responses to “Don’t Read This If You Scare Easily”
That’s refreshing from a source like that (Northeastern and not truly establishmentarian, but somewhat elitist and play-like liberal — a good somewhat-left Northeastern source).
Yes, this slump and correction isn’t like others.
Note the nonsense we see in the comments, like the “conclusion” we “need” inflation. [shaking head]
Lets see, does October 19, 1987 count?
http://en.wikipedia.org/wiki/Black_Monday_(1987)
Isn’t our federal debt now at or above 100 per cent of GNP?
@DLS
Which GNP? (real, or inflated)
Which debt? (with or without intra-governmental holdings)
The CBO excludes the intra-governmental debt from its projections.