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December 16, 2008

“The US economy glides like a box of rocks”

“Don’t stand under it.”  Eric Janszen at iTulip.com has a lengthy post up breaking down the fundamentals of the economy, including many charts showing historical data.  I’m not sufficiently well-versed in macroeconomics to judge his conclusion (that we’re in for “a deep recession that goes on for years”) but he successfully conveys the impression that things are looking pretty craptacular.

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