[lbo-talk] Once & future

SA s11131978 at gmail.com
Wed Jun 17 11:06:13 PDT 2009


C. G. Estabrook wrote:


> "The question is whether today’s unprecedented stimulus will offset
> the effect of financial collapse and unprecedented accumulations of
> private sector debt in the US and elsewhere. If the former wins, we
> will soon see a positive deviation from the path of the Great
> Depression. If the latter wins, we will not."

Basically. Although unemployment won't reach 25% like it did then. But years of stagnation and high unemployment, definitely.

SA



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