That Quick Recovery? Sure, Keep Dreaming – And You Stay Golden, Pony Boy

by Benjamin Domenech on 10:39 am May 23, 2009

Obama Administration is talking about quick recovery, particularly Peter Orszag, but: “regardless of what the market does over the coming weeks, don’t embrace the happy talk that we’re going to suddenly go right back to life as it was in 2007…if history is any guide, the deleveraging process is going to take decades, not years.”

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