Benn Steil

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The Holidays Are Coming Late

by
December 22, 2008

The economic crisis has shrunk the holiday season, which typically lasts for about 35 days. Happy regions-those in which real estate markets have held up relatively well-have seen their holiday season decline by 10 days. Sad regions-those that have suffered a large number of foreclosures-have lost 24 days. To restore some cheer, we have collected some links that provide a lighter take on the economic crisis.

WSJ: U.S. Says It Will Bail Out Christmas
WSJ: Dr. Seuss-Green Eggs and CDOs
YouTube: 12 Days of Bailouts
Onion: Recession-Plagued Nation Demands New Bubble To Invest In

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