On “Seven More Years of Hard Times?”

September 20, 2010 Leave a comment

Cogent conclusion of an interesting (somewhat technical)  review of some important recent research on periods of economic recession and financial crises.  In short, we are in this for the long haul.

It is not true that if you break a mirror, you will have seven years’ bad luck. That is a superstition. But if you allow a financial market to spin wildly until it breaks down, it really does seem that you run the risk of years of economic malaise. That is a historical pattern.

via Seven More Years of Hard Times? – Project Syndicate.

Filed under Economy, International

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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