{"id":32120,"date":"2012-04-23T15:16:47","date_gmt":"2012-04-23T15:16:47","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/robert_samuelson-spains_newfound_economic_turmoil_has_far-reaching_ramific\/"},"modified":"2012-04-23T15:16:47","modified_gmt":"2012-04-23T15:16:47","slug":"robert_samuelson-spains_newfound_economic_turmoil_has_far-reaching_ramific","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=32120","title":{"rendered":"Robert Samuelson&#8211;Spain&#39;s newfound economic turmoil has far-reaching ramifications"},"content":{"rendered":"<p>If Spain\u2019s crisis deepens Europe\u2019s recession, it could tip the entire world economy into a stubborn slump. The ramifications would be enormous, including: reduced odds of Barack Obama\u2019s reelection, assuming a weaker U.S. recovery; less political cohesion and more social unrest in Europe (even now, the European Union\u2019s unemployment rate is 10.2 percent); and growing pressures in many countries for economic nationalism and protectionism.<\/p>\n<p>Spain is suffering a hangover from what economist Desmond Lachman of the American Enterprise Institute calls \u201cthe mother of all housing booms.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/opinions\/the-pain-in-spain-could-hit-worldwide-economy\/2012\/04\/22\/gIQAQCfiaT_story.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If Spain\u2019s crisis deepens Europe\u2019s recession, it could tip the entire world economy into a stubborn slump. The ramifications would be enormous, including: reduced odds of Barack Obama\u2019s reelection, assuming a weaker U.S. recovery; less political cohesion and more social<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=32120\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,460,582,589,595,592,149,591,200,590,468,478,119,454,600,448,597,446,585,596],"tags":[],"class_list":["post-32120","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-france","category-germany","category-globalization","category-greece","category-housingreal-estate-market","category-italy","category-laborlabor-unionslabor-market","category-spain","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32120"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32120\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}