re: How do you stem a recession?

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How do you stem a recession?

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How do you stem a hurricane? We just have to let this play out. Nearly everyone in the global economy was basing their business models on incorrect assumptions primarily because the housing market was improperly priced. We weren't as rich as we thought we were which means we'll need fewer TV's, buy cars less often, etc. Once we hit bottom we can pick up and start growing again. That is the nature of business and no matter what the politicians tell you, we can't avoid the pain anymore than we can give back the artificial highs we had.