Two news stories and an op-ed piece in the media in recent days provide a useful introduction to the theme of this week’s post here on The Archdruid Report. The first news story followed the official announcement that the official unemployment rate here in the United States dropped to 5.5% last month. This was immediately hailed by pundits and politicians as proof that the recession we weren’t in is over at last, and the happy days that never went away are finally here again...
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