Dan Davies Is Right – We’ve Not Had A Proper Recession For Decades

Those still nursing tender bruises from the Crash aren’t going to like this idea but Dan Davies is interestingly correct here – we’ve not had a proper recession for ages. Decades in fact. Because we’ve not had a recession that is simply a turn of the business cycle, we’ve had a series of disasters which we’ve attempted to cure. Davies’ point is that we’re not prepared for the coming recession, which will be a normal one, simply because we’ve got out of the habit of dealing with normal recessions.…

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