3 ordspråk av Justin Fox

Justin Fox

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His house is under water.

It's inaccurate to say we all benefit. In aggregate, the economy probably benefits but within that upward trajectory a lot of people are permanently hurt while many others gain.

What it means is another year sort of like last year, when gross domestic product grew 2.4 percent. That means another year during which the job market doesn't get a whole lot better, but also doesn't collapse. It means another year during which promises of a strong economic rebound are postponed, but so are fears of a double-dip recession. Another year, that is, that will stump the doomsayers even while it fails to inspire us to party like it's 1999.

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