Enough already. The economy is bad. This is the sharpest, deepest recession in 80 years. We get that. Let’s talk about something else. Like, how does the economy recover?
Unfortunately, to answer that question we need to know what kind of recession we’ve got. The drop in consumer spending is leading the recession. To recover, consumers must spend again. What will it take?
Larry DeBoer, professor of agricultural economics at Purdue University, offers an in-depth look in his latest installment of Capital Comments.