tagged w/ double-dip recession
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In spite of lessons learned from history, and a growing chorus of warnings from economists, the Republicans (led by Paul Ryan's budget proposal) continue to insist on austerity measures and deficit-cutting while our economy remains fragile.
We now have the Euro-Zone has our model for what happens when such a destructive and misguided action is taken...
" the UK is suffering from trickle-up austerity. As is the case with Greece, reduction in wages, cuts to benefits, cuts to entitlements trickled up to businesses large and small. The result was a decline in consumer spending and a subsequent rise in prices that produced a feedback system of less consumer spending. These are the reasons why Europe is headed for a double-dip recession."
http://veracitystew.com/?p=35974In spite of lessons learned from history, and a growing chorus of warnings from... more
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-- Record borrowing by college students who are graduating without jobs could lead to major problems in the nation's economy, according to a recent report by Moody's Analytics.
"The long-run outlook for student lending and borrowers remains worrisome," concluded the report, which came out in July.
"Unlike other segments of the consumer credit economy, student loans have not demonstrated much improvement in performance despite some improvement in the broader economy. ... [T]here is increasing concern that many students may be getting their loans for the wrong reasons, or that borrowers -- and lenders -- have unrealistic expectations of borrowers' future earnings."(this is a ticking time bomb that may spark the civil unrest America's missing.)-- Record borrowing by college students who are graduating without jobs could lead to... more
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Roubini warns that if policymakers try to fight rising budget deficits by raising taxes and cutting spending, they could undermine any recovery.Roubini warns that if policymakers try to fight rising budget deficits by raising... more
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