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The Positive Side of Recession
Economies rely on a degree of overconfidence. There is a gap between present realities and future expectations without which there would be no enterprise, no investment, no credit, no commerce, and no currency.
How Will the US Get Out of This One?I’ve been down this road before (as have all my fellow Americans), during a little dance called “The RTC’. You may or may not remember what those letters stand for…Resolution Trust Corporation. The fed created it to clean up the mess left by the owners who looted their own savings and loans.