Economist: Forget the Recession, This Is a Depression
By Mike Lillis |
01.09.09 | 2:14 pm
With this morning’s news that employers laid off 524,000 workers in December, at least one prominent economist has some news of his own: “The economy is the jaws of a depression,” Peter Morici, a professor at the University of Maryland, wrote to reporters this morning.
What’s the criterion? Morici More…
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