Wise Beyond the Years
lifetime member Location: Midwest
- Posted: October 2, 2011 1:10:42 am
- ECRI- Economic Cycle Research Institute reported that a best case for us would be a "Mild Recession". This is from an organization that does not issue false alarms and pointed out that the trends we have experienced were normal prior to a few decades ago. The indicators back in 07 before the bust were pointing to the worst recession in 30 years stating that things will get ugly and unemployment will probably surpass double digits.
Where do you think the USA has gone wrong?