America's 4-D Economy: From Deficit Deals to Double Dip
Jack Rasmus, Truthout: "With the debt ceiling agreement almost a certainty this past Sunday evening, the expectation was the markets and the economy would rebound briskly the following day. After all, weren't we all bombarded for weeks with the message that if the debt ceiling were not raised, the economic sky would fall in? The economy would tank? Economic Armageddon was coming? So, if we raised the debt ceiling, the markets would rebound, right? On Monday the stock market at first did rebound on the news of the imminent debt deal, but only briefly and modestly."
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