How screwed are we?

I was watching “The Week with George Stephanopolous” this weekend and was struck by a comment made by Paul Krugman (recent recipient of the Nobel Prize in Economics).  He said, “Hardly a day goes by that I don’t fire up my browser and start my morning with an expletive.” He was referring to the daily barrage of bad economic data that we have been experiencing recently.

I know things are bad, but when one of the top economists puts it that way, it makes me even more pessimistic.

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