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Altman: Not a normal cyclical recovery

Calculated Risk... | Mon, 04/06/2009 - 1:01pm | cyclical recovery, economic cycles, economic recovery, recession |  2 comments

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Roger Altman, former deputy Treasury secretary, writes in the Financial Times: Why this will not be a normal cyclical recovery (ht Jonathan) The rare nature of this recession precludes a cyclically normal US recovery. Instead, we are consigned to a slow, painful climb-out ... What is unusual is
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