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America's Lost Decade - Another One in Progress Now

By Implode-Explode Heavy Industries

"The US used to point the finger at Japan's "Lost Decade" saying "It won't happen here." But it did. Median wages are nearly 5% lower in real terms than in 2000, the poverty rate is at a 15 year high, and the S&P 500 is about 20% lower than it was a decade ago."

Full post as published by Mortgage Lender Implode-o-Meter on September 19, 2010 (boomark / email).