{"id":197622,"date":"2008-01-22T00:17:00","date_gmt":"2008-01-22T05:17:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/01\/22\/wsj-saying-that-this-recession-could-be-nasty\/"},"modified":"2008-01-22T00:17:00","modified_gmt":"2008-01-22T05:17:00","slug":"wsj-saying-that-this-recession-could-be-nasty","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/01\/22\/wsj-saying-that-this-recession-could-be-nasty\/","title":{"rendered":"WSJ Saying that this Recession Could Be Nasty"},"content":{"rendered":"<p>Though, of course, the author, Justin Lahart, hedges about whether we will actually have a recession (My take is that we&#8217;ve been in one for some time, and that we have been experiencing a recession like living standards, based on percentage of population employed, since 2001)<\/p>\n<p>His <a href=\"http:\/\/online.wsj.com\/article\/SB120086867005203883.html\">Article<\/a> uses terms like, &#8220;on track to be at least as bad as the five most catastrophic financial crises to hit industrialized countries since World War II&#8221;, and makes reference to Japan&#8217;s &#8220;lost decade&#8221; in the mid 1990s.<\/p>\n<p>The idea that this is going to be a bad one is hitting the mainstream.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though, of course, the author, Justin Lahart, hedges about whether we will actually have a recession (My take is that we&#8217;ve been in one for some time, and that we have been experiencing a recession like living standards, based on percentage of population employed, since 2001) His Article uses terms like, &#8220;on track to be &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973,1265,1089],"tags":[],"class_list":["post-197622","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy","category-housing-crash","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197622"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=197622"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197622\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}