What is a Pale Recession?
How Does a Pale Recession Work?
Former Federal Reserve Chairman Alan Greenspan coined this in a 2008 television interview. At the time, unemployment had not declined as much as expected during the , prompting him to comment on the fortitude of the imposition on the economy.
Why Does a Pale Recession Matter?
A pale recession is generally better than a strong analysts might argue that when a recession seems pale, it's just not hit its full stride yet. In other words, a pale recession may be a sign that a recession is only just getting started., though some
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