Recessions in U.S. May Be More Frequent and Severe, Soss Says

The fallout from the worst recession since the 1930s means U.S. contractions will be more frequent and severe, according to Neal Soss, chief economist at Credit Suisse in New York.

“The era of rare, brief and mild recessions from the early ’80s to the mid-2000s is over,” Soss said today on a conference call.