John Irons's Blog


Economic News, Data and Analysis

Back to economics

Krugman gets back to some economics…

Twilight Zone Economics
For about 20 months the U.S. economy has been operating in a twilight zone: growing too fast to meet the classic definition of a recession, but too slowly to meet the usual criteria for economic recovery. There’s nothing particularly mysterious about our situation. But recent news coverage and commentaryin particular, the enthusiastic headlines that followed a modest increase — in growth and a modest decline in jobless claims — suggest that some people still don’t get it.


Filed under: Economics

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