“His house is under water.”
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“Its 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.”
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“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 doesnt get a whole lot better, but also doesnt 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 its 1999.”
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