ZIRP (Zero Interest Rate Program) trap
Long-wave contraction
Without it, they will cling to the hope that Romney can turn this mess around. He can't. We are too far down the road. All he can do is position America to weather the rest of the economic storm.
agreed.
Given what has been done so far the best we can hope for is to be no worse than Japan’s last 22 years. However Japan’s dept was mostly owned by its citizens.