nytimes.com - 2/22/2009
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By comparing the current economic situation to the Depression, we risk it affecting our expectations. >
econbrowser.com - 3/1/2009
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econbrowser.com —
How low can stock prices go, and how
worried should you be? Since 1946, in an average
year the stocks in the S&P500; offered a 3.5% dividend and went up in price 2% faster than inflation, for a combined real yield of 5.5%. At that rate, if you ...
(more)
Stock prices and fundamentals
online.wsj.com - 2/16/2009
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online.wsj.com —
BRADLEY R. SCHILLER President Barack Obama has turned
fearmongering into an art form. He has repeatedly raised
the specter of another Great Depression. First, he did so to win votes in the November election. He has done so again recently to sway ...
(more)
Bradley Schiller Says Barack Obama Should Stop Comparing ...
online.barrons.com - 2/28/2009
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online.barrons.com —
THE GREAT DEPRESSION. THOSE CHILLING WORDS HAVE BECOME
something of a staple of economic utterance these days,
enjoying promiscuous use by both those dour souls who cry out that the end of the world is nigh and those determinedly smiley types eager to ...
(more)
The Not-So-Great Depression
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The Depression Narrative as a Self-Fulfilling Prophecy
Economist's View —
... Can
Talk of a Depression Lead to One?, by Robert Shiller, Commentary, Economic View, NY Times:
People everywhere are talking about the Great Depression... It is a vivid story
of year upon year of despair. This Depression narrative, however, is not merely
a story about the past: It has started to inform our current expectations. ...
Sunday morning links
The Mess That Greenspan Made —
... Market's Bite Could Go Deeper - Washington Post ‘Dow Theory’ Says Worst Isn’t Over for Stocks - Bloomberg The Index Funds Win Again - NY Times On Wall Street, sky-high payouts may fall to Earth - AP Natural Gas Production Seen Sliding for 4 Years - Bloomberg Investors' search for safety yields hazards - LA Times ECONOMY Preview: Home Sales, Durable Goods Probably Fell - Bloomberg Can Talk of a Depression Lead to One? - NY Times Unemployment insurance: A guide - LA ...
Can Talk of a Depression Lead to One? - News Analysis - NYTimes.com
FinanceProfessor.com —
Robert Schiller is a busy person! In the NY Times, he addresses the idea that constantly dwelling on the bad, becomes a self -fulfilling prophecy. Economic View - Can Talk of a Depression Lead to One? - News Analysis - NYTimes.com: "The attention paid to the Depression story may seem a logical consequence of our economic situation. But the retelling, in fact, is a cause of the current situation — because the Great Depression serves as a model for our expectations...reducing consumers’ willingness to spend and businesses’ willingness to hire and ...
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foreignpolicy.com 3/30/2009 — I n the Great Depression, as in the current economic crisis, the downturn was particularly severe because of a lack of leadership in the international order. The dominant financial power of the 19th century, Britain, was financially exhausted by the ...
Not the Great Depression 2.0
dmarron.com 5/29/2009 — UPDATE: Please see two related posts: “The Long U” and “A Plane Crash Averted?”
The Great Depression was an unspeakably bad time for the U.S. economy. I know that sounds obvious, but it seems necessary to say given all ...
"A Second Great Depression is Still Possible"
economistsview.typepad.com 10/14/2009 — Let's hope Thomas Palley, who says "a second Great Depression remains a real
possibility," is wrong. My best guess is that he is (though I don't expect a quick recovery, particularly for labor). But I suppose I " should
never ...
World Economy Falling Faster Than in 1929-1930
nakedcapitalism.com 4/7/2009 — Barry Eichengreen, an expert on the Great Depression, and Kevin O'Rourke, take issue with the notion that the current downturn is less severe than the Great Depression. While the slump in the US is not as bad, that mis-states the global picture. ...
My Senior Seminar on the Great Depression
austrianeconomists.typepad.com 1/20/2009 — In what was either blind luck or remarkable foresight, over a year ago, I agreed to teach a senior seminar this spring, and I decided to do it on the Great Depression. With the events of the last few months, that has turned out to be a very timely ...
Paul Krugman: Fighting Off Depression
economistsview.typepad.com 1/5/2009 — Will Congress do what's needed to stop the economy's downward spiral? (Related:
Obama
Plan Includes $300 Billion in Tax Cuts "to win over Congressional skeptics
worried that he was too focused on government spending." Guess who the ...
Hoover did it!
gregmankiw.blogspot.com 4/4/2009 — ULCA economist Lee Ohanian sends me a paper called "What - or Who - Started the Great Depression?" with the following conclusion: The defining characteristic of the Great Depression is a substantial and chronic excess supply of labor, with ...
Depression Debate - Is this a Depression?
globaleconomicanalysis.blogspot.com 9/10/2009 — In 1929 Versus 2007: Employment Change Barry Ritholtz posted a chart of unemployment with a comment: " This chart makes it pretty clear that the current recession is no Depression " click on chart for sharper image Actually the chart does not make ...
"From Bubble to Depression?"
economistsview.typepad.com 4/6/2009 — Steven Gjerstad and Vernon L. Smith argue that the "events of the past 10
years have an eerie similarity to the period leading up to the Great
Depression." More specifically, their argument is that contrary to the usual
explanation that ...
This Is Not Another Great Depression
freakonomics.blogs.nytimes.com 5/12/2009 — Few people in the world know more about the Great Depression than economic historian Price Fishback, which is why whenever he offers an opinion on the subject, I always listen
carefully. Back in the fall, Fishback wrote two outstanding posts here at ...
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