AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Macroeconomic Story of the US Recession
Lamont: There are four things that decline, first it's homes, then it's consumer durables, automobiles. And the last thing, and the most related is business structures, factories and office buildings. Lamont: In coming out in the recovery, exactly the same ordering occurs. He says this macroeconomic story or pattern describes nine out of the eleven last post war US recessions.