Why We’re in a Great Recession 2.0 and Triple Crisis, Alameda Green Party Presentation

January 19, 2021




What’s a Great Recession? Why the current economic crisis is best understood as the Great Recession 2.0–and a more serious repeat of the 2008-15 prior Great Recession 1.0. Why the economic crisis is not a V-Shape, or strictly Covid driven crisis, but rather a long duration W-shape recovery marked by a partial recovery of last spring’s deep crash (March-May), followed by short and shallow rebound (July-September) and periodic relapses in turn (November-February 2021). What are the 3 elements of today’s ‘Triple Crisis’ in the USA that aredetermining the trajectory of today’s Great Recession 2.0.