"In the last week, I've spoken with a gaggle of experts, some of them in finance, some in real estate and some in just plain investments. I've interviewed media magnates, both foreign and domestic, an investment banker, a manufacturer, and a former banker. This is what I have to report: Economically, we're in a recession. Psychologically, we're in a depression. The reason: None of these experts knows what to do."From Richard Cohen at Real Clear Politics. Meantime, Stiglitz lists the Seven Deadly Deficits.