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The Recession Was Brought to You by the Letter…
C! As in Citigroup. Since General Motors is going bankrupters, it could get dropped from the Dow Jones Index, along with, possibly, Citibank – “C” in stock symbol-speak.
You may also have noticed plenty of…
L! I personally like this letter, am a big fan, except when it comes to recessions, for which “L” is the “shape” many economists have described for how our economy is going to trend through this recession.
Or V! As in, a steep tumble and a steep rise out of the recession, possibly later this year. To be followed by, some predict, a “double dip,” which means the letter…
W! Down we go and up, then down again – and possibly up again.
More letters and shapes for the recovery in this Reuters story.
What letter has sponsored your recession?
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I’d definitely go with the letter W, for many reasons.