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VoxEU.org - 10/9/2008

The credit crunch may cause another great depression

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Nicholas Bloom , 8 October 2008 The crisis is shaping up to be a perfect storm – a huge surge in uncertainty that is generating a rapid slow-down in activity, a collapse of banking preventing many of the few remaining firms and consumers that want to invest from doing so, and a shift in the ...

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Uncertainty and the credit crisis: The worst may be over
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Toro's Running of the Bulls Market Blog — I want to make a clarification. The tone of my posts over the past six weeks has become decidedly more bullish.  After being worried about the economy and the stock market for most of my authorship of this blog, I have become more bullish on risky assets, i.e. stocks, corporate bonds, etc., than I have been in a very long time. Some may misconstrue my bullishness for risky assets as bullishness for the economy in general.  This is incorrect.  I am bullish on risky assets because they range from inexpensive - stocks - to ragingly dirt cheap - corporate bonds. I am of the opinion that the excesses ...