Don't be tricked into thinking that president Obama's multitrillion-dollar rescue plan and the recent stock rally will usher in good times. You should expect slow growth and deflation. These will continue even after the recession fades into history. The real culprits date back to the 1990s. You can blame easy and cheap credit, a nosedive in consumer saving, nonexistent financial regulation and increasing globalization. But they're all reversing now.rnOur 25-year-long spending binge is giving way to a saving spree that will last at least a decade. Consumers have no choice. There isn't much equity left to borrow against in either their homes or stock portfolios.
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