9 years ago
1
Don’t Be So Sure the Economy Will Return to Normal
It is hard to avoid the feeling that our current economic problems are more than just a cyclical downturn. We know that the economy has gone through some bad times. But what exactly are we experiencing? One relatively optimistic view is that observed deficiencies — like slow growth in real wages and the overall economy, persistently low interest rates and low levels of labor participation — are merely temporary.
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http://www.nytimes.com
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Face it, .........this is the new "normal".