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"The auto market is entering into a true recessionary phase, which is something we have not seen in the last 10 years," said Bob Schnorbus, the firm's chief economist.
Yet we're not getting a 21st-century Duke Ellington out of this recessionary phase; instead we're getting warmed-over Giorgio Moroder electronics and voice processing, although it's now more digital than analog.
it is this process that drives the Ice Age re-rating of government bonds and the de-rating of equities - each recovery bringing a partial reversal to the process and each recessionary phase taking us to shocking new lows, both in bond yields and in equity multiples.
That the recessionary phase of the business cycle and its attendant suffering in temporary joblessness and numerous bankruptcies were therapeutic for preserving economic efficiency and inflation-free growth.
Similar(56)
They blame Internet file-sharing and home CD copying; other observers point to a recessionary economy, the phasing out of affordable singles, other entertainment choices (like video games and DVD's), rising CD prices and a glut of disposable music.
Raising taxes and lowering government expenditures could reduce deficit/debt if the economy were in an expansionary phase of a business cycle not in a recessionary or contraction phase of the business cycle as we are at the present time.
Citing the debt reductions that Congress undertook in 1937 and that ushered in the most severe phase of the Great Depression, some economists fear that imposing austerity measures too soon could likewise result in a recessionary relapse.
recessionary outlook.
Feeling the recessionary pinch?
"We have avoided recessionary measures".
Small-business confidence remains at recessionary levels.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com