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Saturday, February 21, 2009

"The stubborn facts of our economic crisis - the 11th hour"

If you have a grasp of macro economics and want to read a well written, non-jargony, compelling essay about the US economic crisis (and by extension, the world), I would recommend that you give this a dekko: 11th Hour.

IF the article is correct in its facts and conclusions (and I have no reason to believe that it is not), then we are in for a deeply troubled time, and the world economic situation is not going to quite recover by 2010.