[ExI] "recession is going to end in about 6 weeks"

[Brent Neal]

On 4 May, 2009, at 9:54, Rafal Smigrodzki wrote:

> On Mon, May 4, 2009 at 4:36 AM, Brent Neal <brentn at freeshell.org>  
> wrote:
>> On 3 May, 2009, at 23:14, Rafal Smigrodzki wrote:
>>
>>> ### He is pointing to the observations from the previous 6  
>>> recessions
>>> - did you follow the link?
>>> (http://www.econbrowser.com/archives/2009/04/another_green_s.html)
>>
>>
>> Yes. This recession is highly deflationary, much more so than the  
>> recessions
>> from the 70s onward, making the necessary conditions for recovery  
>> different.
>>
> ### Do you have relevant references to published work by economists
> specializing in business cycle theory?
>
> Rafal

>>
>

I'm sure I can dig them out. This isn't something that should be a  
surprising revelation to anyone following the news. Check out, e.g.,  
the PPI data over the past six months relative to other downward cycles.

B
>
>

--
Brent Neal, Ph.D.
http://brentn.freeshell.org
<brentn at freeshell.org>