![‘The consumer isn’t overleveraged — the middle class is’ [Los Angeles Times] via United States Inequality in the Recovey Period « The Baseline Scenario.
Baseline:
what I find interesting is one of their conclusions, one I’m trying to think through these days. There’s a general assumption that, to whatever extent historically record-high inequality is present, it will almost certainly be gone post-recession. But what if it isn’t? What if this recession, and the recovery, will cement inequality in the United States even further?](http://27.media.tumblr.com/tumblr_kolayoM4mq1qz5yk0o1_400.jpg)
‘The consumer isn’t overleveraged — the middle class is’ [Los Angeles Times] via United States Inequality in the Recovey Period « The Baseline Scenario.
Baseline:
what I find interesting is one of their conclusions, one I’m trying to think through these days. There’s a general assumption that, to whatever extent historically record-high inequality is present, it will almost certainly be gone post-recession. But what if it isn’t? What if this recession, and the recovery, will cement inequality in the United States even further?
