Paul Krugman, on the Economy

"Nosedive"

"Another day, another terrifying economic report, this time on

unemployment claims. So are we now losing jobs at the rate of
600,000 a month? 700,000? If fiscal expansion takes, say,
8 months to kick in (and that’s optimistic),
where will that leave us?"

- Paul Krugman, http://krugman.blogs.nytimes.com/
December 11, 2008, 11:38 AM

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