New York Times (October 3)
2022/ 10/ 05 by jd in Global News
“Hurricanes and recessions are alike in many ways,” and we might be able to understand both better by thinking about the other. Both phenomena “cause enormous damage,” “are hard to predict” and “depend on feedback effects,” but “a recession doesn’t leave yachts stacked up on shore like a child’s toys.” Still, the damage from a recession can be just “as severe and is certainly more widely spread than a hurricane’s. Hang on to your hat.”
Tags: Damage, Enormous damage, Feedback effects, Hang on, Hurricanes, Phenomena, Predict, Recessions, Severe, Understand, Yachts
