CNBC in July said that the real unemployment rate is around 12 percent. The U-6 rate covers the unemployed, underemployed and those who are not looking but want a job. Harry Reid and Barack Obama were elected in 2006, and…
Finance
The Lost Decade – A Failure of Economics and Fiscal Policy
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In todays Financial Times Aug 21st 2014, Nobel Prize winner Joseph Stiglitz implied that this is the Lost Decade due to a failure of economic policies. Others refer to the last 7 years as the lost Generation. In the USA, 101.77…