Thursday, February 18, 2010

It's An ‘Eddie the Eagle’ Recession

WSJ has the details:
Economists have used all manner of phrases to describe the likely economic path in 2010, predicting V, U, W or VW shaped recessions. However, an analyst at RBC Capital Markets has come up with a quintessentially British metaphor – the ‘Eddie the Eagle’ recession...

For the uninitiated, Michael Edwards, better known as Eddie ‘The Eagle’ Edwards, is a former GB ski jumper who valiantly tried, and failed, in the 1988 Calgary Winter Olympics, finishing last in the two competitions he entered.

The International Olympic Committee later introduced rules which regulated who could take part in the event, so as not to have ‘The Eagle’ bring the sport into disrepute.

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