June 2010 Issue
james davidson on Jun 29 2010 | Filed under: Economics, Monthly Issues
Notwithstanding hopeful hype about “recovery” mainly driven by unsustainable monetary and fiscal stimulus, the U.S. economy is headed for a wrenching adjustment that will push living standards down. I expect to see half a century’s worth of economic progress wiped away. To a degree that few appreciate, the rapid development of the BRIC economies, especially [...]