This recession ...what will it be like?


	This recession ...what will it be like?

missmartini

5-2-2008 6:14 PM

212 views

tags:

recession, 2008

missmartini says:

A good article in Slate about how bad this recession could be...

1 Comment |

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5-2-2008 8:33 PM

n2sooners

Love how the author attempts to redefine what a recession is in order to make it look like we are in one.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/24e8e47c-9fe7-4710-b6cf-50168c69eef0/464DC721-C2C1-4788-B9B2-DB4AEAF5ACFD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.slate.com/id/2190516/?from=rss" href="http://www.slate.com/id/2190516/?from=rss" style="font-size: 11px;">www.slate.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.slate.com/id/2190516/?from=rss"><H1>How Bad Could It Get?<SPAN class="h1_subhead">Will the recession be more like the 1990-'91 downturn or the Great Depression?</SPAN></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.slate.com/id/2190516/?from=rss"><P>The question of whether the U.S. economy is in a recession is, at this point, a matter of decimal points. Since the population grows faster than 1 percent, anyway, <A target="_blank" href="http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm">Wednesday's announcement</A> of a 0.6 percent rise in gross domestic product for the first quarter is functionally a drop. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.slate.com/id/2190516/?from=rss"><P>The real question now is: How bad could it get? Are we facing another version of the brief recession of 1990-'91, which, as James Fallows once memorably wrote, "was over by the time it was identified"? Or are we going to be wearing barrels for clothes and burning Ikea furniture to heat our homes, in a rerun of the Great Depression?</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/464DC721-C2C1-4788-B9B2-DB4AEAF5ACFD/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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