US – Economy – The 1937 Recession Analogy – 30 July 2010

http://seekingalpha.com/article/213216-fred-carstensen-replay-of-1930s-recession?source=email

“Now we appear to be in a replay of 1937, but the economy has not recovered in any way as it did in 1937. We have a very anemic recovery with states in deep trouble and high unemployment… By failing to really push short-term recovery on the argument that it’s too expensive, we are actually likely to increase our total long-term deficit.”

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