Are We Headed For A Tech Led Recession?

Economic crises are tough to predict. Economists don't have a good track record, and neither do the markets. Despite the difficulties of looking ahead, BUSINESS WEEK Economics Editor Michael J. Mandel, a longtime champion of the New Economy, has decided to take the risk. In a new book, The Coming Internet Depression, and in this week's cover story, adapted from the book, he makes a worrisome prediction: There's a good chance the U.S. is on the road to a downturn, and that downturn could turn nasty, brutish, and long if economic policy stumbles.

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