"We have a deadly combination of commodity price inflation and credit contraction," said University of Maryland economics professor Peter Morici. "It's tough to imagine a worse combination. In a worst case scenario, the recession could last several years."

Doesn't look good. Hope we don't see a depression.

There's an interesting table in the article listing the durations of all the post-WW2 recessions. The longest was 16 months in 73-75 and in 81-82.

 

Submitted: Apr 15, 2008    Views: 217    Comments: 0    Likes: 1   


View Article: http://money.cnn.com/2008/04/14/news/economy/how_bad/index.htm?post...


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