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Chance of Great Depression Now 5%...
delong.typepad.com — For 2 1/4 years now I have been saying that there is no chance of a repeat of the Great Depression or anything like it--that we know what to do and how to do it and will do it if things turn south. I don't think I can say that anymore. In my ... (more) Chance of Great Depression Now 5%...
Dominating the Narrative
econlog.econlib.org — (November 20, 2009 08:57 AM, by Arnold Kling) Will Wilkinson writes, Ygesias says, "I believe that absent the [TARP] bailout, we'd be looking at even higher unemployment today." I think this is a plausible claim. But I don't know of a satisfactory way ... (more) Dominating the Narrative
Delong Says Odds of Another Great Depression Reach 5%; I Assess Odds of Various Scenarios
globaleconomicanalysis.blogspot.com — Economist Brad DeLong, Department of Economics, U.C. Berkeley, is getting increasingly pessimistic. DeLong says: Chance of Great Depression Now 5%... For 2 1/4 years now I have been saying that there is no chance of a repeat of the Great Depression ... (more) Delong Says Odds of Another Great Depression Reach 5%; I ...
Keynes on Mises — and on Himself
cafehayek.com — Here’s a letter that I sent this morning to the Wall Street Journal: Kudos to Mark Spitznagel for drawing attention to the important but neglected work of the late Ludwig von Mises (” The Man Who Predicted the Depression ,” Nov. ... (more) Keynes on Mises — and on Himself
Ida weakens to depression, Gulf oil patch recovers
news.yahoo.com — MOBILE, Alabama (Reuters) Ida dwindled to a tropical depression on Tuesday after crawling ashore in Alabama from the Gulf of Mexico , and oil operations in the Gulf were returning to normal after being widely disrupted by the storm. Ida, which at its ... (more) Ida weakens to depression, Gulf oil patch recovers
Depression multipliers
krugman.blogs.nytimes.com — Yes, fiscal expansion is expansionary. (more) Depression multipliers
German suicide goalkeeper Robert Enke 'hid depression'
feeds.timesonline.co.uk — Robert Enke, the Hannover 96 and Germany goalkeeper, had suffered years of depression before he committed suicide last night. (more) German suicide goalkeeper Robert Enke 'hid depression'
The Return of Depression Economics and the Crisis of 2008; Financial Fiasco: How America's Infatuation With Homeownership and Easy Money Created the Economic Crisis
The Return of Depression Economics and the Crisis of 2008; Financial Fiasco: How America's ...
foreignaffairs.com — The economic crisis of 2008-9 will no doubt spawn dozens of books. Here are two good early ones. The Nobel Prize-winning economist Krugman has extensively revised his 1999 book, The Return of Depression Economics , which focused on the emerging-market ... (more) The Return of Depression Economics and the Crisis of ...
U.S. Joblessness May Reach 13 Percent, Rosenberg Says (Update1)
U.S. Joblessness May Reach 13 Percent, Rosenberg Says (Update1)
bloomberg.com — Nov. 9 (Bloomberg) -- The U.S. unemployment rate may rise to a post-World War II high of 13 percent in the aftermath of the recession, said David Rosenberg , chief economist at Gluskin Sheff & Associates Inc. in Toronto. “This is going to be the ... (more) U.S. Joblessness May Reach 13 Percent, Rosenberg Says ...
"The Roots of Protectionism in the Great Depression"
economistsview.typepad.com — Lessons from the Great Depression: The Roots of Protectionism in the Great Depression, by Laurent Belsie, NBER Reporter : The Great Depression was a breeding ground for protectionism. Output fell, prices declined, and unemployment rose, ... (more) "The Roots of Protectionism in the Great Depression"
The Roots of Protectionism in the Great Depression
nber.org — The Roots of Protectionism in the Great Depression had more countries been willing to abandon the gold standard and use monetary policy to counter the slump, fewer would have been driven to impose trade restrictions. The Great Depression was a ... (more) The Roots of Protectionism in the Great Depression
The Slide to Protectionism in the Great Depression: Who Succumbed and Why?
nber.org — The Great Depression was marked by protectionist trade policies and the breakdown of the multilateral trading system. But contrary to the presumption that all countries scrambled to raise trade barriers, there was substantial cross-country variation ... (more) The Slide to Protectionism in the Great Depression: Who ...
The Great Depression II: Says Who, Huh ?
The Great Depression II: Says Who, Huh ?
thefinancialblogger.com — There is a concept that I appreciate in life: accountability. This is why I try to be consistent between what I say and what I do. It is not always easy, but I feel you just can’t open your mouth and say stuff just to gain the spotlight. If you ... (more) The Great Depression II: Says Who, Huh ?
A Diary of the Great Depression
paul.kedrosky.com — The excerpts from the Jim Ledbetter-edited Diary of the Great Depression continue to be riveting: October 14, 1931 . Last night’s paper reports the closing of eight banks in West Virginia and Philadelphia. Also that the 14 banks in Atlantic ... (more) A Diary of the Great Depression
How to avoid a repeat of the Great Crash
ft.com — The 80th anniversary of the Great Crash is upon us. This touches a nerve because we seemed to be looking into the same bottomless pit only a year ago. The chain of events, leading from a dramatic collapse in stock prices on Wall Street, beginning in ... (more) How to avoid a repeat of the Great Crash
The Great Depression And The Great Recession
forbes.com — Eighty years ago this week, the stock market crashed. Although it was more a symptom of the economy's underlying problems than a cause of the Great Depression, it is still considered the day the worst economic crisis in American history began. I've ... (more) The Great Depression And The Great Recession
World Risks Depression if Stimulus Is Pulled: Economist
World Risks Depression if Stimulus Is Pulled: Economist
cnbc.com — The world will slump into a depression similar to that in the 1930s if stimulus measures are pulled out too soon, Roger Nightingale, economist at Pointon York, told CNBC Monday. But stock markets are likely to ride the tough times without major ... (more) World Risks Depression if Stimulus Is Pulled: Economist
Ron Paul on Forbes: Be Prepared For The Worst; On Larry King Discussing Michael Moore
hf-implode.com — "This is a fake recovery that will die as soon as stimulus stops. It will die eventually whether stimulus stops or not. The policies of Hoover and Roosevelt certainly caused the Depression to worsen. Government intervention cannot lead to economic growth and the policy responses out of the Fed ... (more) Ron Paul on Forbes: Be Prepared For The Worst; On Larry ...
The story so far, in one picture
The story so far, in one picture
krugman.blogs.nytimes.com — Basically, we started out with a year that matched the Great Depression, but have since pulled back a bit from the edge of the abyss. (more) The story so far, in one picture
Why Nobel Economics Laureates chose economics?
mostlyeconomics.wordpress.com — I came across this interesting paper from William Breit and Barry Hirsch which looks at above question: This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at Trinity University (San ... (more) Why Nobel Economics Laureates chose economics?
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