Simon Johnson, former chief economist at the World Bank, suggests "it is increasingly likely that we will find ourselves in the midst of something nearly as traumatic (as the Great Depression) - a long slump of the kind seen with some regularity in the 19th century, particularly if presidential election-year politics continue to head in a dangerous direction."
Read his entire New York Times"Economix" column HERE, but pour yourself a little something to settle the nerves first.
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