It's early yet, but odds for Press Release of the Day are on this one, from the University of Central Florida:

In his national quarterly forecast released this morning, Sean Snaith says the pace of the economic downturn and anticipated recovery looks like the slanted handle, bowl bottom and prolonged spout of a traditional sauce serving dish.
"It has that shape," says Snaith, director of UCF's Institute for Economic Competitiveness, poking fun at the more typical descriptions of recession shapes and graphs.
"Forget the V-shape or other letters that economists talk about when they describe the economy," he adds. "This will be a 'gravy boat recession' with a steady and gradual recovery. After touching bottom in the third quarter of 2009, we'll see GDP slowly climb like a gravy boat's spout."

categories: Fun With Economics

9:38 - June 3, 2009

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