Friday, December 12, 2008

Krugman is terrified again

Paul Krugman is worried. This makes me worried..

Another day, another terrifying economic report, this time on unemployment claims.

So are we now losing jobs at the rate of 600,000 a month? 700,000? If fiscal expansion takes, say, 8 months to kick in (and that’s optimistic), where will that leave us?

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