”You can never step in the same river twice.” –Heraclitus
NOTICE: I've upgraded to WordPress 2.3.1 and finally figured out how to re-enable comments. Looks like we are back in business! --DR, 11/18/2007
Alex Tabarrok argues that if you look at long-term data, there was not. As one who correctly predicted the timing of the current downturn (but made no prediction about the magnitude), I find this quite interesting, and quite likely correct.
Full story here.
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