Stand by to be another trillion dollars in debt (again).
Friday, August 27, 2010
Two Problems With That Idea:
In light of the recent tide of bad economic news, the Powers That Be have announced they are (again) ready to take extraordinary measures to prevent a double-dip recession. They warn that interest rates may go even lower. There are only a couple of problems with this pronouncement:
Interest rates are already effectively at zero percent
The double-dip is inevitable
Stand by to be another trillion dollars in debt (again).
Stand by to be another trillion dollars in debt (again).
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