Monday, April 15, 2013

A tale of two economic downturns


Now that most people believe the economy is at or near the bottom during the current cycle, it would be interesting to compare a few current economic indicators to where they were at the bottom of the previous cycle in the early 2000s, after the end of the technology boom. But isn’t the current downturn, coming as it does after a global financial crisis, much worse than the slowdown after the tech wreck? ..........

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