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- Super-vise Me
It's OK to feel guilty about eating fast food, but is it the government's job?
Christopher Flavelle
posted July 2, 2008 - Why We Need Movie Reviewers
Despite popular belief, critically acclaimed movies actually sell better.
Erik Lundegaard
posted July 1, 2008 - Presidential Impotence
Why Obama or McCain won't be able to cure the ailing economy.
Daniel Gross
posted June 28, 2008 - This Bid's for You
A Brazilian-Belgian company wants to buy American beer giant Anheuser-Busch. What's the problem?
Daniel Gross
posted June 27, 2008 - Wage Against the Machine
If Costco's worker generosity is so great, why doesn't Wal-Mart imitate it?
Liza Featherstone
posted June 27, 2008 - Search for more moneybox articles
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How Bad Could It Get?Will the recession be more like the 1990-'91 downturn or the Great Depression?
By James LedbetterPosted Friday, May 2, 2008, at 5:06 PM ET
Is this an argument for complacency? No. There are lots of important unpredictables, including what happens in the rest of the world and the ability of the financial sector to steady itself. The mortgage crisis and the decline in housing prices are not over. There's also no obvious path for getting out of the current rut. Recent recessions have not resolved themselves without a catalyst, like the tech boom of the '90s or the housing boom of the '00s (both of which eventually brought on their own crashes). Moreover, if the modern recession is relatively modest, so, unfortunately, is the modern recovery. Expansions may last long, but if the snapback from the 2001 recession is any guide, we're unlikely to see bursts of domestic hiring or big pay hikes once things pick up.
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