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Yes we are. It's a problem.
Nope.
We are, and have been, in a full blown depression.
Unfortunately most people have been believing the lies that the government and the news media have been telling us since 2006 when this all started.
It is long past time to get our heads out of the sand.
The lack of responses to this question is a glaring insight to just how clueless people are, or the fact that they all have their collective heads buried in the sand . . .
Or, perhaps, that some of them know little enough about the economy that they don't feel confident enough to debate it. Like me. (I am attempting to remedy that gap in my education, but it depends on my being able to resist temptation in the library as I walk past all sorts of other good and interesting books to get to the economics section….)
Actually most people seem quite confident in what little they know about the economy to comment on its many facets.
It's usually a sign of how little they know that they would comment and not the other way around. The people who know something of economics seem busier arguing about what to do about it or what caused it still. In fact, they still are arguing about the Depression or the 1980s recessions and what caused or cured those rather than declaring what they know.