Tuesday, January 27, 2009

WaPo: Three Crises In One

Washington Post writer, Robert J. Samuelson, breaks down our economic condition into three parts; 1) the collapse of consumer spending; 2) the financial crisis (lack of lending) and; 3) the trade crisis (imbalance).

Overcoming any of these crises alone would be daunting. Together, they're the economic equivalent of a combined Ironman triathlon and Tour de France.
Read full article at the Washington Post...
(Hat tip: John Detweiler)

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