Casaubon’s Book:Depression Until 2017…At Least?
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If you ask an economist or market expert how long the current economic crisis is likely to last, they’ll tell you that the average recession lasts between 8 and 16 months. Sounds pretty reasonable, right? Using that estimate, we’ll be doing fine in two years. They then mutter something sotto voce about the fact that this will probably be a longer than usual, perhaps into 2010, but that they expect growth reasonably soon. And perhaps by a purely technical definition they will be right.
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