Michael R. Strain
@MichaelRStrain
Director of Economic Policy Studies & Senior Fellow at @AEI. Professor of Practice at @Georgetown. Buy "The American Dream Is Not Dead": https://t.co/02npyRToUP.
30-07-2012 23:36:22
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“Consumer sentiment remains in recessionary territory, likely owing to high price levels and high interest rates. Sentiment is important, because recessions are ultimately caused by a loss of confidence in the future.”
My Project Syndicate column.
project-syndicate.org/commentary/us-…