It’s the Busted Consumer Bubble, Stupid

There are plenty of theories and explanations for the economic crisis that has afflicted the United States for years now, but they all miss the element of the continuing malaise—it’s really about the bursting of the decades-long consumer spending bubble, writes David Leonhardt in the New York Times . “Discretionary…

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It’s the Busted Consumer Bubble, Stupid

Posted by on July 17, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.