U, L, W -- They All End Up Spelling Trouble
Soup letters on a spoon and in a bowl, in an arranged photograph taken in New York. (Photographer: Chris Goodney/Bloomberg)

U, L, W -- They All End Up Spelling Trouble

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(Bloomberg Opinion) -- For all the time spent trying to identify “V-shaped” recoveries or worse-faring “U” and hapless “L,” letters may not be the most enlightening way to understand the rebound fr...
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