Hear: The R-Word
Today on Planet Money:
The American economy shrank in the third quarter of 2008. A lot of economists think it's still shrinking. It might be time to roll out the R-word: reces****. Just don't say it too loudly.
-- When Gross Domestic Product falls, who you gonna call? Amir Sufi, professor of finance at the University of Chicago Graduate School of Business.
-- Economist House Call! A fellow in Pennsylvania says he'd like to retire but his 401k isn't up to it. Simon Johnson lends a hand, and a handkerchief.
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