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Desert Reckoning

Desert Reckoning

By Deanne Stillman
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Tag: Lesser Depression


W.W. Norton & Company, Inc.

How Bad Things Are

In March 2009 Ben Bernanke, normally neither the most cheerful nor the most poetic of men, waxed optimistic about the economic prospect. After the fall of Lehman Brothers six months earlier, America had entered a terrifying economic nosedive. But appearing on the TV show “60 Minutes,” the Fed chairman declared that spring was at hand.

Posted on May 14, 2012 READ MORE


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