![The Age of Deleveraging](http://images.mauldineconomics.com/mauldin-2019/img/article-default.jpg)
- December 18, 2009
The Age of Deleveraging
This is the season when pundits feel compelled to make annual forecasts. I will make mine, as I traditionally do, in the first letter of January. But already we have seen a wide range of forecasted outcomes. Are we going to grow at 5-6% or at 1-2% or dip back into recession? Why such disparity? I think part of the reason is a basic disagreement on the nature of the just-lapsed recession. Today we explore that issue. Then I point you to a way to help those who are desperately in need and only...
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