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john commented on the word great recession
“This recession, which began in December 2007, has already lasted longer than the average postwar recession. If it turns out to be as bad as the most protracted of the postwar downturns, we will touch bottom next month.
But my strong suspicion is that we are now in something more like a Great Recession. It won’t produce as steep a fall in American output as the Depression did, but it may prove to be as prolonged.�?
The New York Times, Our Great Recession, by Niall Ferguson, February 28, 2009
March 9, 2009
sonofgroucho commented on the word great recession
Thanks, John, for really cheering me up on a Monday morning!
March 9, 2009
corylusavellana commented on the word great recession
Good times. Constant growth is so last year...
March 9, 2009