James Kwak summarizes a presentation by IMF economist Marco Terrones:
Seven quarters of contraction and seven of recovery to previous peak don’t seem that bad. Of course, this is still just an estimate based on data going back to 1960, and there is nothing in that time period like what the world is going through today.
We want to hear what you think about this article. Submit a letter to the editor or write to email@example.com.
2006-2011 archives for The Daily Dish, featuring Andrew Sullivan