We’re not in a double-dip recession yet. We’re in a one and a half dip recession.
Consumer confidence is down. Retail sales are down. Home sales are down. Permits for single-family starts are down. The average work week is down. The only things not down are inventories – unsold stuff is piling up…
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other-stuff reblogged this from robertreich and added:
rest — they are interchangeable.
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I hardly even consider macroeconomics a science, it’s so much based on pure faith because it’s hard to
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