The Real Deal New York

From the June issue: When economists first began talking about the V-shaped — meaning fast
and strong — recovery from a recession, they had no idea they would
spawn an entire alphabet soup of economic models. But there are now a
whole host of lettered recovery theories to subscribe to.
Indeed, many economists, real estate experts and market analysts,
appear to be ditching the idea of the V-shaped recovery this time
around, and are instead lining up behind the L-shaped, U-shaped or
J-shaped recovery models. (The shape of the letters, of course, refers
to the charted pattern made by economic data such as retail sales or
employment.)
Those last models all come with their own subtle spin on how the
nation’s housing market will ultimately get on strong (or at least
stable) footing again.