'In a recession, just about everyone is adversely affected. It's worth remembering, however, that most of us get let off pretty lightly. The great majority of businesses, for instance, won't go out backwards, even if many lay off staff. And consider this: were the rate of unemployment to more than double to 10 per cent, that would still mean 90 per cent of workers had kept their jobs.'
'I predict that, before the year's out, we'll see letters to the editor proclaiming: What recession? My local restaurant is still full on Saturday nights. Why am I sure we'll see this? Because I hear people saying it in every recession.'
