Recessions Are on the Margin
November 26, 2010
I've got to admit it's getting better
A little better all the time
I have to admit it's getting better
It's getting better since you've been mine
Getting so much better all the time
- John Lennon / Paul McCartney, Sgt. Pepper’s Lonely Hearts Club Band
And the data out over the last few weeks tells us it is getting better. Does this take us out of the double-dip woods, even as the Fed is lowering its forecast? And what is a recession? Yes, we all know it’s when the economy doesn’t grow, but we are in a rather unique economic environment, this time. Maybe things are getting better, but is it enough to get us back on the road to full employment?