By ECONOMIC CYCLE RESEARCH INSTITUTE
Founded by Geoffrey H. Moore
March 28, 2008
The
U.S. economy is now on a recession track. Yet this is a recession that
could have been averted. In January, given the plunge in the Weekly
Leading Index, we declared that the economy had entered a clear window
of vulnerability. Yet we emphasized the brief window of opportunity
within that window of vulnerability for timely policy stimulus to head
off a recession.
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