August 10, 2009

The Square Root Economy (and Market?)

Appearing on CNBC's Squawk Box this morning, Leon Cooperman fired off one of the better lines we've heard in quite a while, arguing that the shape of the recovery won't be a "v" or a "u" or a "w"...but that of a square root sign.

We don't have much to add here. Just thought that was a clever (and more than that, a plausible) way of describing what lies ahead.

Aug 10, 2009 9:38:45 AM | Economics

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