This from Dr. Paul Krugman - follow link to original.
By the way we REALLY NEED a temporary stimulus - like let's build roads, and rail lines, sewers and water supply systems. You know, try to COMPETE with China and the ADVANCED countries.
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Welcome to the Recovery
Companies step up layoffs.
In Washington-speak, coming from both the White House and the Fed, we’re always on the road to recovery, with a few setbacks on the way. But the reality is that we’ve been basically flat on the employment front since late 2009, with nothing suggesting a sustained break back toward better performance:
Maybe someone should talk about doing something? Nah.
Oh, by the way, why are companies stepping up layoffs? It’s because of fear of the, Islamic socialist Kenyan president, WEAK DEMAND.
Real Estate Newsletter Articles this Week: "Home Prices Continue to Cool"
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At the Calculated Risk Real Estate Newsletter this week:
[image: New vs existing Inventory]*Click on graph for larger image.*
• Part 1: Current State of th...
2 hours ago
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