In the Media | June 2014

The Coming "Tsunami of Debt" and Financial Crisis in America

By Dimitri B. Papadimitriou

The Guardian, June 15, 2014

The US Congressional Budget Office is projecting a continued economic recovery. So why look down the road – say, to 2017 – and worry?

Here's why: because the debt held by American households is rising ominously. And unless our economic policies change, that debt balloon, powered by radical income inequality, is going to become the next bust....

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