Thursday, August 14, 2008

They Call It a Recession in Europe

None of that namby-pamby, Pollyanna-ish euphemistic speech about the economy like you get from the tough guys in charge in the US, quibbling over technical but purely conventional definitions of "recession." The Europeans call it as it is. By the way, as we've learned so often during the past eight years, acknowledging reality makes it easier to engage in genuine problem-solving.

1 comment:

MT said...

Yeah, but what the Euros are talking about is a metric recession.