Cutting the Crap of Recession-Speak (Part 1)

I’ve just read the best article yet only article worth reading on the current recession. I’m no macro-economist, so I’ve found it hard to follow some of the more technical melodramatic discussions so beloved by the media.  How did this global economic tsunami downturn come about?  An over-inflated property market?  A housing crisis?  Banks too eager to lend?  Stock market...

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