Duckbeaver

For the past year or so, we’ve slowly begun to realize that we’re moving into the downward flow of the economic cycle; the housing bubble has burst and we haven’t yet started building the next. Hiring freezes are being put into place and layoffs are occurring in many different industries. So now is as good [...]

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Just read Brad DeLong’s break down of the financial crisis. It is one of the first layman long views I’ve read since the start in August that offers a look at what’s going on and how the US is grappling with the downturn.

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