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Recession!

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In General
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On December 2, 2016
The chances of a recession are pretty high in the next 4 years, just looking at historical trends. Given the incredible length of time it took for jobs to recover after the last recession, a trend that has been vastly increasing in recent recessions, we...

The Non-Recovery Recovery

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In General
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On May 1, 2014
Looking at real GDP is pretty strong evidence that this is not a "recovery" at all but rather a very long stagnation. Why? I'd argue for the combination of a lack of government spending combined with the outsourcing of decent work. Dealing with either problem...

Debt

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In debt , economy , Rhode Island
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On August 13, 2011
Sarah Jaffe has an excellent if depressing piece about the recent spike in consumer debt: So why the jump in buying on credit, if people still don't have money to spend? Carlos X. Alexandre at Seeking Alpha explained: “...the most logical interpretation is that as...
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