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economistsview.typepad.com - 10/9/2009
"‘It’s Not the Great Depression — It’s Worse’"
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Paul Krugman notes the collapse in world trade: Paul Krugman: In Trade, ‘It’s Not the Great Depression — It’s Worse’, Real Time Economics : ...Paul Krugman .... offered a few comments about ... world trade. And the picture he painted was not a pretty one. “When it comes to ...
econlog.econlib.org - 10/5/2009
Paul Krugman asks a Question
— econlog.econlib.org — (October 5, 2009 04:42 PM, by Arnold Kling) He argues that the Recalculation story falls apart when... you ask why, say, a housing boom -- which requires shifting resources into housing -- doesn't produce the same kind of unemployment as a housing bust ... (more) Paul Krugman asks a Question

Comments vote down Cafe Hayek found this 10/5/2009found this
blogs.reuters.com - 10/8/2009
Krugman on the end of trade
— blogs.reuters.com — Paul Krugman gave a pleasingly wonkish talk at the World Business Forum today: the attendees with their... Speaker Workbooks will have found it difficult to fill out the Paul Krugman Summary Sheet on page 95, complete with blanks where they are meant to ... (more) Krugman on the end of trade

Comments vote down Economist's View found this 10/8/2009found this
blogs.ft.com - 10/12/2009
A second Great Depression is still possible
— blogs.ft.com — By Thomas Palley Over the past year the global economy has experienced a massive contraction, the deepest... since the Great Depression of the 1930s. But this spring, economists started talking of “green shoots” of recovery and that ... (more) A second Great Depression is still possible

Comments vote down Economist's View found this 10/12/2009found this

Blog Reactions

naked capitalism:  Asian Countries Intervene to Prop Up Greenback (Dollar Bind Edition)

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Asian Countries Intervene to Prop Up Greenback (Dollar Bind Edition)
naked capitalism — An unannounced but evidently coordinated effort to arrest or at least slow the fall of the dollar is underway. The Financial Times indicated that Asian central banks were aggressive dollar buyers on Thursday, but the information came via currency traders rather than an official pronouncement. Thailand, Malaysia and Taiwan made substantial purchases; Hong Kong and Singapore also intervened today. The action may also have a secondary objective of rejiggering their currency values versus China’s, since China repegged the renminbi against the dollar. However, these efforts were seen by traders as merely an attempt to control the fall in the dollar rather than halt it. And ...

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Trade Procyclicality in the Current Recession: The View from the US
econbrowser.com 10/9/2009 — Paul Krugman recently characterized the current pace of trade activity as worse than that during the Great Depression. And indeed, graphs from Barry Eichengreen and Kevin O'Rourke have been diligent in illustrating how this is the case, most recently ...