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What is Contained Depression Economic Analysis about?
This document summarizes an analysis of current economic trends by economist Mish. Some key points: - The economy is in a "contained depression" - a long period of substandard performance masked by factors like high levels of people on food stamps and unemployment benefits. - Mish agrees with the concept of a contained depression but disagrees that low unemployment will necessarily keep inflation and wages down, based on evidence from past periods. - Mish believes globalization, demographics, and chang
- Author
- Meishizuo Zuoshimei
- Language
- EN