A 3-Year Recession?
I thought this was a great article. I can’t find fault with any of Paul Farrell’s 11 reasons, and most of them can be tied either directly or indirectly to our trade deficit. Will the recession last until 2011? Well, I doubt it. I believe that the government will weave a new rug under which to sweep these problems more quickly than that. But the next recovery won’t feel like much of a recovery (kind of like the most recent one) and the next recession will come sooner and be deeper than anyone would like. But let’s get through this one first.
Pete
