[sanchmo]

This is not a cyclical recession, it is a structural one triggered with a financial crisis. The only historical economic research (http://www.voxeu.org/index.php?q=node/2877) on the consequences of financial panics average to:
* Housing prices dropping 35% over 6 years (2011 bottom)
* Stock prices dropping 55% over 3.5 years (Dow 6500 by mid-2010)
* Unemployment rising 7% within 4 years of downturn (over 10% by end of 2011)
* Real per capita GDP down 9% over 2 years.
* Public debt increase of 86% (national debt at 120% GDP by 2012).

[CottonBall]

interesting article.

[Gondring]

I am wondering how this generation will handle deaths from pharma shutdowns, if they occur.