Revised Baseline Scenario: February 9, 2010 « The Baseline Scenario
BASELINESCENARIO.COM - Caution: this is a long post (about 3,000 words). The main points are in the first few hundred words and the remainder is supportive detail. This material was the basis of testimony to the Senate Budget Committee today by Simon Johnson.A. Main Points1) In recent months, the US economy entered a recovery phase following the severe credit crisis-induced recession of 2008-09. …
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