heard on the radio: "...now, we've been hearing alot of talk about V, W, and U recessions. can you explain a little about each one?"
"yes. thanks for having me on the show..now a V shaped recession is more of a sharp drop, with a sharp climb up with no sight of a drop off..."
"and a W?"
"well, a W, is a sharp drop, followed by a steep incline followed by another sharp drop, followed of course by another steep incline. many people are predicting this recession will follow this "W" plan, although of course, there is much debate and discourse over this..."
"and a U shape. talk about the U.."
"well the U shape, first off I would like to add that I personally think that this is what we should expect from this recession, but in any case, a U shape is a long, steady drop, followed by sort of a slow, gradual rise, with no apparent signs of a downfall..."
now, i personally believe in the "L" recession where we drop and glide until 2012. and then we die.