In any capitalistic society, recessions will occur. When one does, the question for economists is whether the recession will be in the shape of a “U” (that is, a downturn where economic activity remains depressed for an extended period before conditions improve), a “V” (where the downturn is very brief and quickly followed by a [...]
Archive for October 5th, 2009
U, V, Or W?
Posted in America, The Economy, tagged America, economy, recession, Unemployment, Unemployment statistics on October 5, 2009 | 1 Comment »
A Real Clunker (III)
Posted in Politics, The Economy, tagged Cash for Clunkers, economy, Politics on October 5, 2009 | Leave a Comment »
The Wall Street Journal takes a look back at the “Cash for Clunkers” program, and pronounces it a dismal failure. The program clearly caused a one-month spike in new car sales, but sales dropped sharply in September, to a point below last September’s sales, and many now believe that the program simply gave people a [...]
