Friday, July 3, 2009

In the Washington Post, "Job Losses Dampen Hopes for Recovery," July 3

"This sprayed some Round-Up on the green shoots," said David Shulman, a senior economist at the UCLA Anderson Forecast, using a metaphor for signs of economic improvement that Federal Reserve Chairman Ben S. Bernanke popularized in the spring.
"The economy is in the process of bottoming, but that's different from saying it's recovering," Shulman said.

Full story at

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