Economist Peter Mooney noted the Great Recession officially ended in June 2009. Then he delivered this message at a thermoforming meeting: “If you’re here at this conference today, you’ve survived the recession. Your next challenge is to survive the recovery.”
Mooney said the recovery is still shaky — the weakest recovery since World War II, despite massive government stimulus spending.
“The pace of recovery seems to have decelerated as we go into the second half of the year. And this has given rise to the concept of the dreaded...