Re: [Pen-l] Slow motion recession

["Jim Devine" <jdevine03@xxxxxxxxx>]

I get the feeling that it's a "slow motion recession" because (1)
journalists are paying much more attention to recessions than they
used to and (2) they want something spectacular to happen. Most
recessions, I would guess, don't happen overnight and in a spectacular
way and are thus "slow motion." The upward movement of GDP and the
like has a lot of momentum and can't reverse itself overnight.
(Financial crises, on the other hand, are spectacular.)

> NY Times, July 2, 2008
> Deepening Cycle of Job Loss Seen Lasting Into '09
> By PETER S. GOODMAN
>
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l