Sunday, September 5, 2010

Goldilocks is carrying a concealed weapon

Dangerous Defeatism is taking hold among America's economic elites

Goldilocks has played a trick on America. Growth is not warm enough to prevent hard-core unemployment climbing to post-war highs and sticking at levels that corrode the body politic, but not yet cold enough to overcome the fierce resistance of the Fed's regional hawks for a fresh blast of stimulus.

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