The US economy is in crisis. Construction has halted and credit is scarce. Companies remaining in business slash their workforces. The stock market is turbulent, even as Congress bails out the bankers. (Meanwhile, working homeowners and renters are left to fend for ourselves, indeed to finance the bailout of the banks.)
How serious is the damage? Will this turmoil prove temporary, or do hard times stretch before us to the horizon? Opinions vary, but the careful reader more attuned to human psychology than economics* might get a clue from the pages of mainstream news reports...
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