Showing posts with label geometrists. Show all posts
Showing posts with label geometrists. Show all posts

Tuesday, April 7, 2020

April 7th - Economists as Geometrists

The weather has been exceptional this spring - much warmer than previous years, particularly the last 2 years where we had a late and wet spring. Are we finished with snowflakes on the weather forecast?  No.  There are snow flakes with scattered flurries for next Thursday April 16th.  Last April we visited Kingston and Ottawa, and experienced the much colder weather in Eastern Ontario, with a snow storm in Ottawa.  

The National Post had this headline about the economy:  What will your recovery look like?  Economists look beyond V, L and U projections in unprecedented times
This article has a catchy introductory sentence:  "The global economic downturn has transformed economists into part-time geometrists"  To describe their projections, most economists turn to letters of the Latin alphabet.  A V-shaped recovery sees a steep decline in GDP being met with a rapid bounce off the bottom, whereas the dreaded L-shape spells recession, with GDP failing to return to its pre-crisis levels for years.  Here's the visual from the National Post article.



Within that article was a quote that brings back memories of Monopoly:  There's going to be a price to pay for ensuring the system is saved.  There's no get out of jail free card  - that comes from David Rosenberg of Rosenberg Research & Associates.  It got me thinking about Monopoly and other fun Catch-Phrases:
  • Corner the market 
  • Do not pass Go 
  • Get out of jail free 
  • Get out of jail free card 
  • Go directly to jail, do not pass go
  • Do not pass Go. Do not collect $200

Here's the field where yesterday's Queen Anne's Lace was blooming.  It may look like a rural setting, but just beyond the crest of the hill is the QEW highway.
Read past POTD's at my Blog:

http://www.blog.marilyncornwell.com
Purchase at:
FAA - marilyncornwellart.com
Redbubble - marilyncornwellart.ca