[Third Person]

Permanent recession.

[upchuck]

Permanent recession.

I was thinking about that.

Can we please get out of and fully recover from the current recession before the Fed saddles us with another one? Pretty please?

[Alberta's Child]

This is just like Japan's "Lost Decades." The only thing missing is an interest rate structure so low that bank deposits are subject to negative interest rates.

What's interesting is that it was pretty much inevitable, and there really isn't anything the Fed (or anyone else) can do about it except wait it out and hope for the best.