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What actually happened was an economic stall.
Econophysics models can predict economic stall.
But since then, the Fed has had to worry about being blamed in the event of an economic stall.
The US recovery is too anaemic, and the chance of an economic stall between now and election day far too high.
It is staring us in the face that national wealth must be expended, or we won't get out of the economic stall caused by the negative interplay of these two fundamentally sour markets.
At a speech this week at the University of Chicago he set out his economic stall firmly on the right, promising to slash the size of government and boost growth by simplifying income taxes, cutting corporate taxes and eliminating taxes on capital gains, dividends and inheritance.
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In other cases, the banks may believe the worst of the economic stalling and credit crisis is behind them and that, over time, the securities and loans will pay out.
Mr Brown was another chancellor who set out his macro-economic stall firmly and early, before focusing on a lot of tricksy, clever-clever micro-measures.
-Obama's job approval rating struggles to improve as perceptions of economic recovery stall.
WHEN America's economic recovery stalled last summer, Washington swung into action.
However, those economic reforms stalled because there was no accompanying political reform.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com