America’s Economy Ain’t What it Once Was

In: Source: Ritholtz US Economy

6 Feb 2011

I have realized, after numerous conversations about politics and economics, that many people haven’t grasped that the economy doesn’t work the same way it did when they were growing up. As a commenter on The Big Picture said:

The role of a healthy financial sector is to support the “real economy”. But now it’s the opposite, like the tail wagging the dog.

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1 Response to America’s Economy Ain’t What it Once Was

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Gabi

February 6th, 2011 at 5:29 pm

Great quote. And thanks for the figures – always good to know your math in these matters. Socializing the FIRE industries seems like the logical move.

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