We’re now up to 2.6 million jobs lost in 2008 and an unemployment rate of 7.2 percent, the kind of numbers we haven’t see since we pulled out of the early 1990s recession.
It is all part of the “business cycle.” The Great Wheel. Life’s Rich Pageant. To everything there is a season. You gotta have yer ups, you gotta have yer downs. You can’t make an omelet without breaking some eggs. No one could have foreseen this. The statistical models remain fundamentally valid.
After the recession ended, and the economy began to recover, conversations ensued about the next step. Because of the national movement around adequacy lawsuits, there were a growing number of conversations about whether such a strategy might be applicable here.\par
January 9th, 2009 at 9:38 am
It is all part of the “business cycle.” The Great Wheel. Life’s Rich Pageant. To everything there is a season. You gotta have yer ups, you gotta have yer downs. You can’t make an omelet without breaking some eggs. No one could have foreseen this. The statistical models remain fundamentally valid.
January 9th, 2009 at 2:34 pm
It’s just the business cycle. We also seem to be at the bottom of all of the business epicycles, too, according to my Ptolemaic Economic theory.
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After the recession ended, and the economy began to recover, conversations ensued about the next step. Because of the national movement around adequacy lawsuits, there were a growing number of conversations about whether such a strategy might be applicable here.\par
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