On Sep 4, 2009, at 11:20 AM, Shane Mage wrote:
On Sep 4, 2009, at 9:50 AM, Jim Devine wrote:
We may or may not be in a recession...
The recession phase of the depression may or may not be abating, and
when it has it may or may not be followed by a second recession
phase. The depression itself is a long way from its end.
Today the NYTimes Editorial Board wrote:
"It has become commonplace to explain each dismal job report by saying
that a resurgence in employment always lags general economic recovery.
But with the job market severely wounded, and with consumer spending
expected to be weak for a very long time, it could easily take until
2014 for employment to recover. It’s safe to say that five years or
more of subpar job growth is not what most people have in mind when
they think of a “lag.”
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures."
Herakleitos of Ephesos
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
