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To people who have faith that the world can heal itself through the unfettered interaction of economically rational individuals, and that, if capitalism were allowed to operate freely, there would be no more slumps and bubbles because the invisible hand of the market would guide everything to its rightful price, the seasonal rush must seem like an orgy of blasphemy.
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Well aware that my natural posture of repose is more slumping troll than pensive nymph, I got caught up wondering if I could pull off a not-posing pose.
Before Payne started filming, he asked for more slump from Dern: "Bruce, could we have the baseball cap a little lower?" Dern joked about falling asleep under the brim.
It is not scenically glamorous by American standards: the round-topped mountains look more slumped than soaring; the buildings are ramshackle (there is none of the rigorous beauty of New England villages), and most people live surrounded by thick woods with no views and little sunlight, which gives everything a dank, musty quality, at least in winter.
His turmoil wasn't over: the Bourbon & Beefsteak Bar, gambling problems and more form slumps lay ahead.
Chinese house prices rose at their fastest pace in 14 months in October.However, these rebounds have followed even more dramatic slumps, so asset-price levels are less eye-popping.
More price slumps lie ahead.
And no more afternoon slumps at work when you consume celery sticks with hummus in place of a cinnamon roll and soda.
Put these together: $400 billion that doesn't increase the debt-GDP ratio; $450 billion or so in slump-related revenue loss; $150 billion or more in slump-related expenses; and guess what: the ONE TRILLION DOLLARS is basically just a depressed-economy story, having nothing to do with any fundamental mismatch between what we want and what we're willing to pay.
In contrast, a slump is where output falls by at least 10%—as in Finland in the early 1990s; a depression is an even deeper and more prolonged slump—such as that now being experienced in Indonesia.
But the real question is whether a more general slump follows.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com