It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
It's payback time for debt-laden Americans who shopped the world to prosperity on borrowed money.
Recessions are high-profile times for economists and financial analysts. One popular focus is the shape of the recovery. Optimists think it will be V-shaped; the more cautious predict it will be U-shaped. Those who believe that house prices and the stock market are ahead of the real economy foresee a W shape. Then there's the dreaded L shape. But such speculation misses the bigger question: What will our “after the recovery” world actually look like?
Start by thinking back only 15 mont