John is overwhelmed

This Week in Economic News

By John is overwhelmed 2 months ago

China says “No more lending to US banks. Unemployment hits a 7 year high. New home sales at a 17-year low. The 700 billion dollar number is a cross-your-fingers-and-hope fabrication.

So what do you think, Scrabbled? Let’s all pretend we have doctorates in macroeconomics and discuss. Will the bailout work? Are we fucked? If not, what would work?

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