In Case You Missed It: The Shape of the Recovery
On last night’s NewsHour, Paul examined the debate raging over which shape the economic recovery might take.
Some economists are predicting a V-shaped recovery — a steep period of decline followed by an equally steep period of growth. Others are predicting an L-shaped trajectory — steep decline followed by a period of stagnation. Still others are saying we’ll see a recovery shaped like a W or a U. And other symbols are even getting in on the game, with George Soros making the case for an “inverted square root sign”-shaped recovery.
It’s a veritable alphabet soup of possibilities. Check it out.