Steven Pearlstein of the Washington Post discusses the fading economy. His point being one that I have stressed for the past year. The US is about to face a long and painful decline in the standard of living that everyone has grown accustomed to. The signs leading up to this have been there for a long time, but the realization of the changes that will need to be made are just starting to gain popular attention.
The Fading of the Mirage Economy
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