The New Normal Could Be That Way for a While

{ Posted on Nov 26 2009 by Economics - Today's Popular Articles at http://www.inveslogic.com }
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Categories : All, Economics, inveslogic
Why will our economy only reach a new 'lower normal'?In a nutshell, the answer is because of our large trade deficit and because of our maldistribution of income. Both permanently lower aggregate demand as long as they exist. Until they are fixed, o...
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