Towle, W. Ray (contributor) - 2008
prop up the economy notwithstanding, fears of the continuing market tur-
bulence remain. We are in, as many have proclaimed … recession and an increase in unemployment, on the assumption that the
4
The Levy Economics Institute of Bard College
5
17th … of the three sector balances, we found that a growth recession would take place begin-
ning in the last quarter of 2008 …