Friday, February 27, 2009
"V" or "L"????
Senator Schumer asked Chairman Bernanke the other day whether when the economy does recover will the recovery be a "V" or an "L"? In other words will recovery be a swift and quick return to trend growth or a protracted tepid growth path. Chairman Bernanke of course equivocated. I won't...it will be an "L" Senator...a real long long "L".