Filuwaúrdjan
Realpolitik
Atlas Institution
Posts: 67,713
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« on: October 02, 2011, 08:43:26 AM » |
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Does it make a difference whether it is 'officially' a recession or not? What's clear is that there is something that might as well be called a slump (because it's a useful word in this context and has been used in the past) and that it's not going to get better within a year. Mass unemployment, squeezed living standards and no real growth, coupled with fears that everyone could yet fall down the next flight of stairs at some point, perhaps quite soon. Bad times, you know?
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