The recession and recovery are largely explained by the natural dynamics of private investment (especially inventory investment): firms cut investment sharply out of fear in late 2008, then turned around as early as December 2008-January 2009 when expectations improved, with stimulus measures producing only small blips superimposed on that private-economy trajectory.

causalpending

Speaker

John Taylor

Evidence Quote

the by far the biggest is investment so the ideas firms were quite frightened not only in the United States but globally so they cut back on their investment

Source

John Taylor on the State of the Economy 07/19/2010EconTalk
Created: 6/15/2026, 9:17:28 AM

My Notes

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