« One Year in 40 Seconds |
Main
| New Year, New Journal »
9 Reasons This Recession Will Be Good
9 Reasons This Recession Will Be Good: My friend Dennis passed on this article from U.S. News and World Reports. It states: "Recessions are lousy - as Americans have learned about 10 times over the last 50 years. But they're also necessary. Prosperity tends to produce a lot of economic sediment, like unneeded purchases and excessive debt, that coagulates like gunk in a pipe. A good recession flushes it out. It also washes away things we need, like jobs and businesses. But on the whole, the "troughs" in the business cycle - recessions - help refresh the economy and keep it healthy." Read the full article.
Warning: main(/home/virtual/joshharris.com/var/www/html/right.php) [function.main]: failed to open stream: No such file or directory in /nfs/c04/h04/mnt/84154/domains/joshharris.com/html/2009/01/9_reasons_this_recession_will_1.php on line 198
Warning: main() [function.include]: Failed opening '/home/virtual/joshharris.com/var/www/html/right.php' for inclusion (include_path='.:/usr/local/php-4.4.8-1/share/pear') in /nfs/c04/h04/mnt/84154/domains/joshharris.com/html/2009/01/9_reasons_this_recession_will_1.php on line 198
