This was first published in November 2008
We are at a watershed moment in our economic history. We are in a recession but the way we do business after the recovery will be different from the post-recoveries over the last 70-years.
In the past, we worked our way out of a recession with the help of the federal government providing some kind of stimulus package. In one to three years, the economy was back on a growth track and there were no serious, long-term casualties. We continued to spend and consume as in the past.
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We are at a watershed moment in our economic history. We are in a recession but the way we do business after the recovery will be different from the post-recoveries over the last 70-years.
In the past, we worked our way out of a recession with the help of the federal government providing some kind of stimulus package. In one to three years, the economy was back on a growth track and there were no serious, long-term casualties. We continued to spend and consume as in the past.
Read More Click Here
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