A look back on ten tough years for the economy

[babylonsister]

* Posted on Friday, November 27, 2009

The decade: Many bubbles, many busts
By MARK DAVIS
The Kansas City Star


From Enron to Madoff, bear markets to financial crises, bubbles to bailouts, jobless recovery to double-digit unemployment — this has been an economically brutal first decade for the new millennium.

It has bred doubt about the resilience of the American economy. It has stirred calls to dust off New Deal designs.

It has turned our world upside down.

After all, the 1990s were a jobs machine, a deficit destroyer, a stock market utopia. We even deflated the Y2K threat.

It seems now that all those zeros on our new calendars were trying to warn us about the encroaching fleet of financial Hindenburgs.

more...

http://www.kansascity.com/637/story/1595568.html

[HughBeaumont]

1. Unbridled Crapitalism is the ONLY way!

Boom!

Bubble!

CRASH!