At this point, I see nothing coming from Washington, Wall Street, or overseas that can avert what is now a Main Street Depression in America. The reality of persistently high unemployment, the unprecedented and expanding number of foreclosures, the rising tide of regional and local bank failures, the dearth of investment capital for small business expansion, and the devastating deflation in home prices across the nation is indisputable. The Main Street Depression of the early 21st century is imploding America at its heart...
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