The Not-So-Bad Economy - The New York Times:
"According to the economist Kevin O’Rourke, who has been doing a running comparison between the Great Depression that began in 1929 and the Great Recession that began almost eight years ago, the world has just passed a sad landmark. While the initial slump this time around wasn’t nearly as bad as the collapse from 1929 to 1933, the recovery has been much weaker — and at this point world industrial production is doing worse than it did at the same point in the 1930s. A remarkable achievement!"
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