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  • conventional wisdom about the recovery  0 comments
    Jul 28, 2009 12:18 PM
    Given the steepness of the fall, conventional wisdom dictates the recovery from this recession will be long and painful. But, if historical evidence is to be trusted, the same economists that were too optimistic on the way down, are being too pessimistic about the rebound. "Very few recessions last longer than two years. And most recoveries, once they start, are strong."
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