Zombified

Aug 23, 2011 02:05



CNBC featured three stories Monday that illustrated how much the "New Normal" in the United States is very similar to post-bubble Japan, as well as the 1930s.

Boomer Retirement Could Slow US Recovery: Fed Study
The aging of the U.S. baby boom generation may slow an already weak recovery as boomers sell stocks to pay for retirement, according to research released Monday from the San Francisco Federal Reserve Bank.

Number of Delinquent Mortgages on the Rise Again


Consumer Debt Forgiveness May Be Needed: Roach

negative wealth effect, zombies, the |_____ club, stephen roach, japan, mortgage delinquency rates

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