4 Ongoing Crises Americans Must Live With
The threat of economic crisis, real or perceived, is always at the edge of thought. Stock markets, after all, have a history of crashing from time to time, and economies have been known to trip over bubbles of nearly every size and shape. In the United States, it was housing and credit in the late 2000s; in the early 2000s, it was tech; and once upon a time in Holland, it was tulips.
Equities may be the asset that is most sensitive to bubbles and their subsequent collapse, and there’s always a headline somewhere warning that the next great market upheaval is on the horizon, but crises can come in any color of the rainbow — crises of debt, long-term unemployment, and bad policy all populate today’s economic landscape.
Here’s a look at some of the chronic crises that plague the U.S. economy.