On Jul 3, 2011, at 3:30 PM, SA wrote:
> On 7/3/2011 3:11 PM, Doug Henwood wrote:
>
>> My guess is that we're going to have a shitty economy for years, but not an outright recession.
>
> The recession's been over for 23 months. The average postwar recovery lasted 59 months. That would leave us with three years until the next recession.
But recessions happen in part because of excesses in the expansion. Ain't no excesses around to correct now.