Uh. My jaw is on the floor. I guess my
excuse is that THEY -- the breezy upbeaters -- didn't tell me. But that's
no excuse, really. You really mean we're in a DEFLATIONARY recovery? Oh,
that doesn't sound like fun at all. This puts a whole new spin on the comments
of Diane Swonk, chief economist at Bank One:
``We are well positioned for a recovery here,'' said Diane Swonk, chief
economist at Bank One in Chicago. ``We almost have to look back and call this a
recession-ette, rather than a recession,'' Swonk said.
Max Sawicky wrote,
>you left out the fun part. Nominal GDP actually
fell,
>but the price level went down more (3/10's%). We're >in a deflationary recovery. Will wonders never cease. Tom Walker
|
- Q4 Sunbeam Tom Walker
- RE: Q4 Sunbeam Max Sawicky
- RE: RE: Q4 Sunbeam Tom Walker
- RE: RE: Q4 Sunbeam Devine, James