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October 15, 2008

DUDE, HERE'S YOUR RECESSION? "The U.S. has not endured a deep and prolonged recession in more than a quarter century — enough time for many Americans to forget what one feels like. But unlike the last two relatively short recessions, this one could be much longer and more severe, potentially bringing with it anxiety and job losses not seen in many years."

Of course, the press has been telling us we were in a recession for over a year, which it could do in part because so few people remembered what a real, as opposed to a notional, recession was like. Maybe that'll change . . . .

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