Economic Insights – September 2012
As sophisticated managers, consultants, and investors, we all know that the Great Recession began in December 2007 and ended in mid-2009. The National Bureau of Economic Research told us so. And, month after month, Business Briefingshas quantitatively shown that a marginal recovery has been underway, especially in manufacturing and capital spending.
So, why do things feel so bad? Why does the future seem so bleak? And what hope is there that we’ll ever get out of this mess?
Back in early 2009, th.....