I may have left the impression the other day that Krugman thinks we are out of the woods. What I think he is saying is that while the cataclysmic meltdown of last fall and winter appears to have been stopped, we are still in for a very long, tough slog. All of the trillions of dollars we have thrown at this problem have so far only slowed the fall, not stopped it and certainly not reversed it.
This video comes via Calculated Risk. I apologize for the sound quality.
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