Bookmark These: W-shaped recovery
By Reid Kanaley
http://www.JewishWorldReview.com | (MCT) Just when you thought it was getting safe, some economists are predicting a "W"-shaped recovery. What's that? It means things could get worse again before they get better for the long term.
W'S AND DEAD CATS
The "W" is a reference to the down-up-down-up shape of the line on a graph that plots a volatile economy over time.
A GLOOMY U
Instead of a W, "a gloomy U with a long, flat bottom of weak growth is the likeliest shape of the next few years," says the stalwart Economist. The "W" doesn't turn up in the site's glossary of economic terms, although "wage drift," and "winner-takes-all markets" are among the offerings.
With letters from the alphabet being paraded in so much talk about the recovery, says this posting at EconomyWatch.com, "the discussion sounds more like an episode of Sesame Street with each passing day." The posting is largely about recent arguments by economist
X MARKS THE RECOVERY
Not to be out-lettered,
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