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Muddling Through Doomed to Fail Says AP Analyst
AP Business Analyst John Cunniff reports a large insurer chief economist saying muddling through can avert crises by doing little or wrong actions. The piece notes rising consumer debt, mortgage delinquencies, rising spending, and Social Security concerns while recounting the E.S.M. Securities loss and the Home State Savings Bank run that led to many state savings closures.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
U.S
Congress
Certified Public Accountants
E.S.M Government Securities Inc
Florida
Savings and Loan