Ali’s blog

Mostly quant stuff with occasional digressions

More cheerful news on recession, unemployment, and foreclosures

Posted by alifinmath on January 16, 2008

Yet another article on a deepening crisis. I foresaw this several years ago, realising the US economy was a house of cards. I feel no sense of vindication whatsoever: just a growing sense of panic. Probably the same panic that is affecting senior US policymakers. There is no way out of this, no quick fix on the horizon. It’s taken almost three decades to build up to the present impasse.

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