nytimes.com - 3/1/2009
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The fall in the U.S. gross domestic product suggests that the recession may be deeper than anticipated. Experts weigh in on how long the weakness in the economy will last. >
nytimes.com - 3/1/2009
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nytimes.com —
THE fundamental causes of this recession, unique in
the experience of the United States, were mortgage defaults
and the consequent insolvency of major financial firms. These insolvencies, and especially fear of them, damaged normal credit mechanisms. ...
(more)
Op-Ed Contributor - Stop the Bailouts
nytimes.com - 3/1/2009
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nytimes.com —
LAST year, the debate over how long the
recession will last was between those in the consensus
who argued that it would be V-shaped only about eight months long like those in 1990 to 1991 and in 2001 and those like me who argued that it would last ...
(more)
Op-Ed Contributor - The L Curve
nytimes.com - 3/1/2009
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nytimes.com —
WHEN our economic woes began, analysts took some
solace that the longest American recession since World War
II lasted 16 months, and that on average our recessions lasted less than a year. But as this contraction continues into its 15th month, we have ...
(more)
Op-Ed Contributor - Rule of Four
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Blog Reactions
WEEKEND LINKS
THE SHARK REPORT —
... When will the recession be over- let me count the answers; The Stress Test; Gold ...
What are you going to do about the stock market crash?
BloggingStocks —
... Since it peaked in October 2007, the Dow has lost 50% of its value. I read an interesting set of expert predictions about when this agony, the recession, will end, they mostly admit they don't know. So the question they answered struck me as besides the point. A more important question is what to do about it. And since I am not a financial advisor, don't take what follows as financial advice -- it's just my opinion. ...
NY Times: "When Will the Recession Be Over?"
Calculated Risk —
The NY Times asked several economists and forecasters 'When Will the Recession Be Over?' Here are a few excerpts: Beware the False Dawn By STEPHEN S.ROACH (Chairman of Morgan Stanley Asia) IT would be premature to declare an end to America’s recession at the first sign of a resumption of growth. After the unusually steep declines in the economy late last year and early this year, a statistical rebound in the second half of 2009 would hardly be shocking. ... But any such whiffs of growth are likely to herald a false dawn, because the consumer ...
More "Treasury View" Fiscal-Policy-Always-Ineffective Blogging
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... A very smart middle-aged Washington economic policy bureaucratic hand emails me his reaction to the New York Times's "When Will the Recession Be Over?": ...
ETF Update: Nothing to Love
A Dash of Insight —
... The New York Times collects some Op-Ed contributors on the question of "When Will the Recession be Over? They come up with a pretty gloomy collect, which you should check out for yourself. ...
NYT asks when will it end?
Angry Bear —
... Via C & L via CR comes the NYT asking when will the recession be over. They have 11different responses. Roubini is there suggesting we could see an L curve. ...
Why There is No Bottom: Economic Forecasts
A Dash of Insight —
... Fueling this is the popular perception of the economic prospects. The New York Times pulled together a number of op-ed pieces, asking When Will the Recession be Over? ...
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nytimes.com 3/2/2009 — THIS recession, which began in December 2007, has already lasted longer than the average postwar recession. If it turns out to be as bad as the most protracted of the postwar downturns, we will touch bottom next month. But my strong suspicion is that ...
Op-Ed Contributors - No More Economic False Choices
nytimes.com 11/3/2008 — AS economists and policy advisers try to sort out where we are, how we got here and where we must go for both the short term and the longer term, we are surrounded by polarizing dichotomies: Fiscal recklessness versus fiscal rectitude; capital versus ...
Op-Ed Contributors - Matters of Principal
nytimes.com 3/5/2009 — TO stanch the hemorrhage of foreclosures, we don’t need another bailout. What we need is a fix and the wisdom to see what is in our own self-interest. An avalanche of foreclosures is coming as many as eight million in the next several years. The ...
Op-Ed Contributors - How to Repair a Broken Financial World
nytimes.com 1/4/2009 — (Page 2 of 3) In its latest push to compel confidence, for instance, the authorities are placing enormous pressure on the Financial Accounting Standards Board to suspend “mark-to-market” accounting. Basically, this means that the banks will not have ...
Op-Ed Contributors - The Economy Is Still at the Brink
nytimes.com 6/7/2009 — WHETHER at a fund-raising dinner for wealthy supporters in Beverly Hills, or at an Air Force base in Nevada, or at Charlie Rose’s table in New York City, President Obama is conducting an all-out campaign to try to make us feel a whole lot better about ...
Op-Ed Contributors - A Public Option That Works
nytimes.com 8/23/2009 — TWO burning questions are at the center of America’s health care debate. First, should employers be required to pay for their employees’ health insurance? And second, should there be a “public option” that competes with private insurance? Answers ...
Op-Ed Contributors: Off With the Bankers
nytimes.com 3/20/2009 — The Asian financial crisis offers lessons to solving our own — when insiders have broken a financial institution, the most direct remedy is to kick them out. >
Op-Ed Contributors: Rated F for Failure
nytimes.com 3/16/2009 — Why, more than a year into the global financial crisis, do regulators and investors continue to rely on ratings? No one has been more wrong than Moody’s and S.&P.; >
Food Mags Slum It —
The Big Money 3/2/2009
For evidence that the moneyed classes are hurting, too, look no further than the March issue of Gourmet magazine, which features a ham sandwich on its cover. This was the highlight of a Sunday New York Times article about how the high-end food ...
Buffett's Bite-Size Wisdom —
The Big Money 3/2/2009
Sometimes letters will bring succor when the numbers fail. Among the losers in the financial disaster of 2008 was Berskhire Hathaway , down 9.6 percent on the year. Though the company still beat the S&P 500 by a healthy 27.4 percentage points, ...
Down, Dow, Down! —
The Big Money 3/2/2009
I am a heretic, an economic masochist, a traitor to my industry and my country. When the Dow Jones Industrial Average starts falling, I hope it keeps falling. I am a man who roots for the stock market to go down.
Forgive me, capitalism, for I have ...
Sites For Recessionary Times —
The Big Money 3/3/2009
One of the tiny bright spots in this miserable economic time is the number of clever Web sites and blogs that have sprung up as responses to different, personal aspects of the recession. For months, we've enjoyed Econowhiner , handsomely designed ...