Word: recessional
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Since shoppers with bigger bills are less likely to make purchases, frugal consumers can carry hundreds as a form of self-control. From a recession-fighting perspective, however, self-control is Satan. The U.S. government is desperate for consumers to start spending again. So maybe the Obama Administration is approaching...
But now everything really has changed. More than a year into the Great Recession, we still aren't sure if there's a bottom in sight, and six months after the financial system began imploding, it's still iffy. The party is finally, definitely over. And the present decade, which...
Of course, when addicts finally quit, it feels awful for a while, and that's where we are right now. The recession, provoked by the sudden, essentially cold-turkey abandonment of spending, lending and borrowing, is something like our national equivalent of the jitters, sweats and seizures that addicts experience...
If you want to feel encouraged about our economic near future - not this damned decade but the one to come - ignore the stock traders and go talk to some venture capitalists. They aren't quite giddy (after the '80s and '90s and '00s, beware all giddiness), but they are optimistic...
Mann is torn up about the economy and wants a Treasury Secretary he can trust. I know how he feels - things are really tough right now, you know? - but sometimes life isn't that simple. Sure, Paul Krugman looks like the guy every recession-weary gal dreams of, but it...