May 7, 2008

Recession of '08

Gerard Baker in the TimesOnline:

Well, it’s early days, to be fair, but so far the Great Depression 2008 is shaping up to be a Great Disappointment. Not so much The Grapes of Wrath as Raisins of Mild Inconvenience.

The evidence is starting to accumulate that the economic downturn may have bottomed out sometime in the first quarter.

UPDATE 5/8: Larry Elder weighs in. And here's Tom Blumer's piece at a week-old article from Tom on the same theme.

Posted by dan at May 7, 2008 1:21 AM