Krugman Komes Around

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

Krugman Komes Around
by Doug Henwood
22 February 2002 20:38 UTC

Devine, James wrote:

>Of course, we also have to remember Sabri's "L scenario."

Hey, if we're talking intellectual property, this is what I wrote last May:

>LUV song. But we're back to the question from 1,700 words ago: if no
>boom, what next?
>    Debate on this issue boils down into a letter game: will the
>course of the economy be like a V (short, sharp decline followed by
>a strong recovery), a U (a more protracted version of the V), or an
>L (a long stagnation)? At this point, the V seems least likely; the
>usual leading indicators are suggesting stabilization, but no
>imminent recovery.

^^^^^^^^

CB: Isn't there one more logical possibility ? an upside down "v"  i.e. ^ or an M ?