Word: polkadot
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Dates: during 1950-1959
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EVERY businessman has his pet phrase for the slump-the "saucer recession," the "polkadot recession," etc., etc. It is also the recession where more statistics get more microscopic study than ever before, as every economist-amateur or professional-searches to discover whether the U.S. economy is going up, down or sideways. The only trouble is that statistics, like dry martinis, should be handled with care. For a prime example of how befuddling statistics can be, see BUSINESS, Unemployment Figures...