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NYT columnist Paul Krugman worries that stimulus-related growth is likely to peak around the middle of next year and then start to fade out. Unless that growth is somehow replaced in the private sector - and so far there's little sign of it - we're in trouble. "The chances of a relapse into recession seem to be rising," he posts.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.