Barry Eichengreen: Okay, so America has escaped a recession—but only by the skin of its teeth
· livemint.com
Various factors have helped America defy gloomy predictions so far, but that doesn’t mean the risk of shrunken output has receded. In fact, for those wondering what could go wrong, the answer is pretty much everything.
It is anyone’s guess what will happen after that trip is over. Given reports that the US has expended many of the munitions and strategic resources that it wo...