project-syndicate.org - 30 days ago
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Many economic forecasters and market bulls believe that “the deeper the recession, the quicker the recovery,” which is true – up to a point: immediately after a normal recession, economies do, indeed, often grow much faster than usual over the ensuing twelve months. Unfortunately, the Great ...
youtube.com - 24 days ago
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FT Alphaville —
Elsewhere on Thursday, - Analysing the Fed statement word for word. - A video with “one of the most influential and yet least well-known people on Wall Street.” - In praise of ETFs. - More caution on leveraged ETFs . - Has Buffett overplayed his hand? - Goldman one-ups Gordon Gekko. - The story so far, in one picture . - Rogoff on the ‘ Great Contraction ‘ of 2008-2009. - The future of the dollar and China. - How to speak Opec . - The economics of open-air markets and bazaars. - Eye of the ...
"The Great Contraction of 2008-2009"
Economist's View —
... The Great
Contraction of 2008-2009, by Kenneth Rogoff, Commentary, Project Syndicate:
A popular view among economic forecasters and market bulls is that “the deeper
the recession, the quicker the recovery.” They are right – up to a point:
immediately after a normal recession, economies do, indeed, often grow
much faster than usual... Unfortunately, the Great Recession of 2008-2009 is far
from being a normal global recession. The Great Recession was turbo-charged by a
financial crisis,... a far more insidious affair that typically has far more
long-lasting ...
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