Professor Doktor Paul Krugman would like to advise you that the
economy & everything else are totally, irrevocably fugged. For ever & ever, 'til death brings you sweet release, amen.
The bottom line is that there has been basically no wealth creation at all since the turn of the millennium: the net worth of the average American household, adjusted for inflation, is lower now than it was in 2001.
[...]
So now we’re in trouble — deeper trouble, I think, than most people realize even now. And I’m not just talking about the dwindling band of forecasters who still insist that the economy will snap back any day now.
Dwindling band
here.
The odds are that the legacy of our time of illusion — our decade at Bernie’s — will be a long, painful slump.
And as mentioned here before, couldn't happen to a more-deserving nation, or species.
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