" Long before Reinhart and Rogoff..."
it was already obvious to many
" we were looking at a “postmodern” recession like 1990-91 or 2001"
", which was likely to be followed by an extended jobless recovery."
" That is, this was not going to be a Fed-generated slump like 1981-82"
", which would be followed by a quick rebound once the Fed relented"
" it was a case of private-sector overreach,
and was likely to go on for a long time "
