Eventually, we will slog our way back to “normal” -- whatever that is. In the meantime, we should expect the ongoing recovery to look like that of Japan's in 1992, Finland's in 1991, Sweden's in 1991, Norway's in 1987 and Spain's in 1977 -- all of which were slower, weaker and less comfortable than the usual post-war recessions.
Economists Turn A Blind Eye To Historical Data
August 2, 2016
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