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Krugman is NOT happy

Paul, you are scaring the crap out of me:

Op-Ed Columnist – Fighting Off Depression – NYTimes.com.

The fact is that recent economic numbers have been terrifying, not just in the United States but around the world. Manufacturing, in particular, is plunging everywhere. Banks aren’t lending; businesses and consumers aren’t spending. Let’s not mince words: This looks an awful lot like the beginning of a second Great Depression.

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