[OPE-L] The Weak Recovery and the Coming Deep Recession

From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Thu Mar 23 2006 - 21:15:43 EST

    The Weak Recovery and the Coming Deep Recession

March 15th, 2006

To quote Yogi Berra, "It's tough to make predictions, especially about
the future." Many (including myself) expected that the bursting of the
stock market and Internet bubbles in 2001 would cause a deep recession
owing to large excesses of borrowing and spending by both the household
and corporate sectors. Now we know that the recession of 2001 was fairly
mild and of short duration, though the economic recovery has also been
the weakest since World War II. Read the rest of this entry »


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