Affording a recession?
An intriguing question from Make Love, Not Debt - Can America afford the next recession?
There’s a corollary - can the world afford it? Like it or not, US consumption drives a large part of the world economy - be it gas from the Middle East, electronics from China or Taiwan, or outsourced services from India.
Which is probably why the world continues to fund the deficit.
Written by 2cworth on May 3rd, 2006 with
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