Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Did you assume a crisis lasting 4 years, with no end in sight, in August 2007?

If not, it might not be an outlandish stress test to take your 3-5 years and double them. In which case you're looking at possibly 10 years.

Without having to bring up the Great Depression, the 1970s crises also spanned ~10 years.

With the current economic conventional wisdom I can't see how we can avoid at least another 5 years of stagnation.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Sun Aug 14th, 2011 at 03:16:56 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The 2nd Migrant Wave to Germany

by DoDo - Sep 1
6 comments

The UK Left and Brexit

by car05 - Aug 27
10 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
26 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

1930s in social media

by DoDo - Aug 11
91 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

Recent Diaries

Occasional Series