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  • Deep Concern About the Economy: Three Views [View article]
    First, the comparables are from other countries. Second, the unit of measurement used in the study is "average". This is not a statistical - or statistically significant - study. It offers a window thru which to view how other financially generated recessions have progressed and worked out.

    Past American recessions have started from other causes, so if we base our expectations of how this one will progress and work out, we are comparing apples to oranges.

    I'm surprised this study did not mention the study done by economists at the World Bank. They looked at all financial crashes over a thirty year period. One of their conclusions was that the length and depth of the following recession was directly proportional to the amount of money the government poured in attempting t fix the problem.

    Based on the amount of money our government is pouring into this one, we should be prepared for the deepest, longest recession in history.
    Jan 08 18:46 pm |Rating: +1 0
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