How Severe Will Recessions Be in the Future?

I interviewed Mark Thoma (professor at University of Oregon) who writes the Economist’s View blog. He explained  "The Great Moderation," which describes the apparent calming of business cycles in the past two decades.  We drilled down to the key questions:

1. How severe and how frequent will recessions be in the future?
2. How can a business leader who is not an economist watch out for possible recessions?

You can listen or download.  This is a segment of a special edition of the Businomics(TM) Audio Magazine.