Update: why has the worst recession since the 1930′s had so little impact on the economy?

Summary:  The US economy continues to slow, albeit the rate of decay has slowed.  But the net damage is severe and a recovery soon is imperative — or more “black swans” will appear.   This is the third in a series of posts about the effects of basic automatic stabilizers on the economy during this recession. (1)  Why …

Update: why has the worst recession since the 1930′s had so little impact on the economy? Read More »