Running harder
THERE have been several times during this uniquely long expansion when the best metaphor for America's economy has been the Duracell bunny, the one that just keeps on running. Again and again, Cassandras have predicted slowdowns, recessions and crashes—all in vain. The statistics for the second quarter of 2000 are a case in point. For they suggest that the darned pink rabbit is not only still running, but seemingly fitter than ever.
This article appeared in the United States section of the print edition under the headline “Running harder”
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