Economic downturn rundown
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So CNBC has an article that tries to explain why the hell there's no money anymore. A little heady for the less accounting inclined, but totally understandable. There's definitely some theorizing done in it too so it's not an economic bible or anything, but def. interesting.
Whadya think? Are we stuck in a rut? Is there a way out? Why wasn't this seen coming from a mile away?
(We're fucked) -
meh. Government spending isn't going to change that much. Everything gets eclipsed by the war and a nearly 9.5 trillion dollar deficit. A lot of gov't reform is in order and all, but the private economy is a much more immediate concern. The private economy can't just print more money after all.
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