In effect, the entire economy is going through a process of reevaluating "the greatest story never told" and are discovering it wasn't that good a deal to begin with.
Stewart is really great for getting an understanding of what's going on. Lot's of charts to show you visually what's going on along with simple explanations for what they mean, and then a straightforward tying up of the whole thing. I don't have a degree in economics, but I know the subject well enough to identify bogus arguments, and this isn't that. His prior articles do a good job explaining many parts of the current problems in nice digestible chunks. Hale "Bonddad" Stewart: The Illusion of the Bush Economy's Growth is Revealed |