The Big Money - Lost Decade? We Just Had One
http://slumz.boxden.com/f5/mar-1-worthwhile-read-lost-decade-we-just-had-one-1218158/
An opinion piece peppered with facts and perspective that nicely sums up the economic problems that have now come to pass. During the period of 1998 until 2008, most of the major stock market indices gained nothing and there was very little median income increase or career-oriented job creation. [Are internet-based companies in this mix?] By most measures-- stock market growth, home values, income, credit-- there has been little to no lasting growth; this makes the last decade the lost one and the burden now is to ensure that there isn't another lost decade-- from 2008 onward. One way part of the new administration's recovery plan that isn't getting as much press is the Treasury's 'quantitative easing' which is essentially giving lots of money to banks-- print money and flood the banks with cash so that they start lending at reasonable rates again.
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