Wednesday, August 31, 2011

Financial Times Summation of Current Economic Outlook

link here to article

Martin Wolf sums things up quite well. The six largest western economies are still below their levels of output prior to the recession. Unemployment in the US is twice its average level. To make matters worse, political leadership in the US and Germany is missing in action. Both leaders prefer to muddle their way through in politically divided countries. The odds that things could get worse are rising.

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