Danielle Park and I finally connected after a long summer hiatus. She thinks that the game is over and we’re heading into a very steep and painful recession. The Bernank’s BS has run its natural course and we’re seeing real GDP contraction. From the look of things, she’s probably correct, but the pain has been felt all along by the 99 percent. How much worse it’s going to get, before it gets better is the real question. Deflation is taking place at the same time inflation kicks in. Have you been to the supermarket or the gas station lately?
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