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Who's sharing the pain? | 8 comments (8 topical, editorial, 0 hidden)
well, we don't know about this one yet... (4.00 / 2)
but the comparison to 1991 is not wrong, as it was the first "recovery" with so little job creation.

The difference in this case is not the recovery will be jobless, it is also that the recession is already a lot deeper than it was in 1991, and will get still worse.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jun 17th, 2009 at 07:38:02 AM EST
[ Parent ]
Re: well, we don't know about this one yet... (none / 1)
What defines a "recovery", if it is possible to have one with (relatively) high unemployment?

The brainless should not be in banking. — Willem Buiter
by Migeru (migeru at eurotrib dot com) on Wed Jun 17th, 2009 at 10:13:40 AM EST
[ Parent ]
Re: well, we don't know about this one yet... (4.00 / 2)
(relatively) high profits.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jun 17th, 2009 at 10:19:01 AM EST
[ Parent ]
recovery (none / 0)
means higher GDP:



In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jun 17th, 2009 at 10:22:10 AM EST
[ Parent ]

Who's sharing the pain? | 8 comments (8 topical, 0 editorial, 0 hidden)
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