Depressing reading – might comment later.

Depression 2009: What would it look like?
Lines at the ER, a television boom, emptying suburbs. A catastrophic economic downturn would feel nothing like the last one.
– Boston Globe


1 Comment

Filed under Economics, Government, Political

One response to “Depressing reading – might comment later.

  1. Fascinating article.

    I agree that a recession herald a shift in both production and consumer preference. We would see more reliable and sturdy items bought and sold – at the expense of the flashy but impractical and unreliable.

    I agree that perhaps the only employment sector not to show a decline will be the public sector. For the reasons the author cited, but also because governments tend to expand public service to counter rising unemployment during economic downturns.

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