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Flashback to Fall '08 Indexes

In the fall of 2008 the argument was that IF large bailout and rescue programs were not enacted, THEN we would experience a long and deep recession. This USA Today article is an example of this thinking at the time.

We recently came across a recording of this extended ECRI interview from the fall of 2008, and thought it was worth sharing as a reminder of the contrasting view from the vantage point of ECRI’s leading indexes.

Basically, the vicious recessionary cycle that was to be avoided by stimulus and bailouts was already well underway.