4min chapter

Think Like An Economist cover image

S E49: A Conversation with Greg Mankiw: Financial Crisis, Recessions and Communicating Economics

Think Like An Economist

CHAPTER

The Pandamic - Distributions Have Fat Tails

It's not clear to me that a service sector led recession is going to end, or have a transition that looks the same as a goods producing sector lead recession. Prminat job losses have not reached the level they did in the two thousand eighth recession. If people think they have jobs waiting for them, if they're right, than that means we could perhaps recover quickly. I encourage everybody who is investing their own money to be maximamly diversified by means cross many different cors,. Many different countries, across many diffrent ascet classes.

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