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Five years of recession-going-on-depression in the business layer can wreak havoc on the real economy and destroy the productive capacity which first stays idle and then is asset-stripped. The global financial crisis started in 2007 and the European crisis in late 2008. It's been 30 months already...

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Mon May 9th, 2011 at 02:04:14 AM EST
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