It's a very big hole we're climbing out of.
A couple of relevant linkies - http://www.calculate...ery-measures.html
http://economistsvie...n-output-gap.html The usual hope and expectation is that the economy returns to its trend-line after a recession. I'm not sure I accept that growth will accelerate and we'll reach the trendline in 2018 or so. We could certainly reach it sooner with the right policies, and if we don't get better policies it may be later still. My $0.02. Cheers, Scott. |
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You keep using that word.
I do not think it means what you think it means.
Recession is not what we are in. Depression is the proper word. I mean how can we be in a recession, when we are 2-3(or more) times worse off in sheer percentages that we were in the "Great Depression" Really? --
greg@gregfolkert.net PGP key 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C |
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"a" recession.
In that sentence, I was talking about what "normally" happens after a conventional recession.
I think this case has been a depression, especially in light of our tepid (world wide) response to the high unemployment rate. PK has been right - http://www.nytimes.c...on/22krugman.html Cheers, Scott. |
So exactly how much in percentage...
- (folkert)
- (4)
- April 1, 2013, 10:42:14 AM EDT
It's a very big hole we're climbing out of.
- (Another Scott)
- (2)
- April 1, 2013, 11:50:54 AM EDT
You keep using that word.
- (folkert)
- (1)
- April 1, 2013, 01:08:33 PM EDT
"a" recession.
- (Another Scott)
- April 1, 2013, 01:27:48 PM EDT
Also see DeLong's Macro Overview talk.
- (Another Scott)
- April 1, 2013, 03:36:51 PM EDT
