REWahoo
Give me a museum and I'll fill it. (Picasso) Give
With all the press over the past few months regarding "the end of the world as we know it", it's nice to see an opposing view:
"Some economists think that because the current downturn has been so sharp, that sets the stage for a stronger and faster rebound than many now expect."
"The crisis in financial and credit markets sparked by the Lehman Brothers bankruptcy in September caused businesses to slam the brakes on production much harder than justified by reduced demand alone, according to Joseph Carson, chief economist at AllianceBernstein."
"...when things start to show signs of improvement, the economy could well be helped by pent-up demand from consumers who sharply curtailed purchases in recent months."
Note the qualifying phrase "when things start to show signs of improvement." Guess that's considerably more optimistic than saying "if things start to show signs of improvement."
Current economic pain could lead to gains ahead - Jan. 12, 2009
"Some economists think that because the current downturn has been so sharp, that sets the stage for a stronger and faster rebound than many now expect."
"The crisis in financial and credit markets sparked by the Lehman Brothers bankruptcy in September caused businesses to slam the brakes on production much harder than justified by reduced demand alone, according to Joseph Carson, chief economist at AllianceBernstein."
"...when things start to show signs of improvement, the economy could well be helped by pent-up demand from consumers who sharply curtailed purchases in recent months."
Note the qualifying phrase "when things start to show signs of improvement." Guess that's considerably more optimistic than saying "if things start to show signs of improvement."
Current economic pain could lead to gains ahead - Jan. 12, 2009