Thursday June 20th, 2013, 2:29 am (EDT)
Featured Books!
Socialist Register 2013: The Question of Strategy edited by Leo Panitch, Greg Albo and Vivek Chibber
Capital Accumulation and Women’s Labour in Asian Economies by Peter Custers with a new introduction by Jayati Ghosh
Goldilocks Meets a Bear
How Bad Will the U.S. Recession Be?
Three years ago, I wrote an article for Monthly Review entitled “The U.S. Economy in 1999: Goldilocks Meets a Big Bad Bear?” (March 1999).1 My answer to that question was yes, Goldilocks would soon meet a big bad bear, that is, the U.S. economy would fall into recession within a year or so. The recession came a little later than I thought, but, as is well known, the U.S. economy did indeed fall into recession in early 2001 … | more |