Donald L. Luskin presents powerful evidence in The Wall Street Journal this week that the current stock market is tracking very closely to the stock market in the 1930's. Of particular concern are two critical economic policies that might help trigger another Great Recession in 2011. Remember, the National Bureau of Economic Research announced a month ago that the recent recession was over. But, two critical economic policies that might propel America into another Great Recession in 2011 are higher taxes and higher barriers to free trade (also known as protectionism). Are we heading into another Great Recession in 2011? [more...]
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