{"id":6856,"date":"2018-09-06T00:24:48","date_gmt":"2018-09-05T15:24:48","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=6856"},"modified":"2018-09-05T17:25:07","modified_gmt":"2018-09-05T08:25:07","slug":"newsweek-september-4-2","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=6856","title":{"rendered":"Newsweek (September 4)"},"content":{"rendered":"<p>\u201cSeptember 15 will mark the tenth anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession.\u201d With household debt at \u201can all-time high of $13.2 trillion,\u201d we\u2019re now close to a repeat. The direct cause will be income imbalance, not a banking crisis. \u201cThe U.S. economy crashes when it becomes too top heavy because the economy depends on consumer spending to keep it going\u2026. For a time, the middle class and poor can keep the economy going nonetheless by borrowing. But, as in 1929 and 2008, debt bubbles eventually burst. We\u2019re getting dangerously close.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cSeptember 15 will mark the tenth anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession.\u201d With household debt at \u201can all-time high of $13.2 trillion,\u201d we\u2019re now close to a repeat. The direct cause will be income imbalance, not a banking crisis. \u201cThe U.S. economy crashes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1179,258,917,884,242,166,8406,8407,1912,1314,8408,8,84],"class_list":["post-6856","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-anniversary","tag-banking","tag-collapse","tag-consumer-spending","tag-crisis","tag-great-recession","tag-household-debt","tag-income-imbalance","tag-lehman-brothers","tag-meltdown","tag-top-heavy","tag-u-s","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/6856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6856"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/6856\/revisions"}],"predecessor-version":[{"id":6857,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/6856\/revisions\/6857"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}