Welcome to the Investors Trading Academy talking
glossary of financial terms and events.
Our word of the day is “Pale Recession”
A pale recession is a term describing a recession
that does not have much impact on an economy.
Former Federal Reserve Chairman Alan Greenspan
coined this term in a 2008 television interview.
At the time, unemployment had not declined
as much as expected during the recession,
prompting him to comment on the fortitude
of the imposition on the economy.
A pale recession is generally better than
a strong recession, though some analysts might
argue that when a recession seems pale, it's
just not hit its full stride yet.
In other words, a pale recession may be a
sign that a recession is only just getting
started.
