Panic, But Slowly

The economy has been expanding since the start of 2010. It hasn’t been rapid, and It’s only now enough to absorb the workers who need jobs, but it’s real. It’s only natural for economists to ask, “When does it end?”

That’s not because they are extremely un-fun people. It’s their job. Recessions are a much bigger problem when no one sees them coming, and history shows that we never really see them coming. And that economists are always worried about the next recession, but we don’t really listen to them.

So is it time to panic? As Groucho tells us, “There’ll be plenty of time to panic later.”

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