19 JUN 2010, Saturday

• The IMF has done what is perhaps one of the most thorough studies on recessions that share the combination of a global recession and financial crisis — like the one we’ve recently experienced. And its study shows that the recoveries of past recessions with these dualities tend to be longer and slower than normal recoveries — typically around five years until economies sustainably resume trend growth.
• PS--This is not meant to infer that we're just starting a Depression.  I dunno.  My point and the facts are that a lot of damage has already been done and it doesn't correct itself quickly...eventually, just not quickly.  This is merely my opinion and a longer term view of the potential slog ahead.
• This post will be ongoing as additional info is available.
• The Big Picture, Part I: Following the Worst Crisis Since the Great Depression
• The Big Picture, Part II: Following the Worst Crisis Since the Great Depression.