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Commodities

Depression

Recession

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krugman.blogs.nytimes.com - 3/21/2009

The Great Recession versus the Great Depression

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Reading this article about the global manufacturing plunge, I wondered: how does the current slump stack up against the early stages of the Great Depression? The US has consistent industrial production data back to 1919, so it's a fairly straightforward exercise. Below is the change in ...

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curiouscapitalist.blogs.time.com - 3/17/2009

On the job front, this is no Great Depression. Not even close :: The Curious Capitalist

— curiouscapitalist.blogs.time.com — Writing (and charting) about the latest employment numbers a couple of weeks ago, I concluded that: It's... probably still nowhere near as dramatic a chart as the monthly numbers from 1931 and 1932 would make. But the BLS wasn't on the case back then. ... (more) On the job front, this is no Great Depression. Not even ...

Commodities

Depression

Comments vote downundo vote up Abnormal Returns found this 3/17/2009found this

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VoxEU.org - 3/17/2009

The protectionist temptation: Lessons from the Great Depression for today

— VoxEU.org — Barry Eichengreen , Douglas Irwin , 17 March 2009 What do we know about the spread of... protectionism during the Great Depression and what are the implications for today’s crisis? This column says the lesson is that countries should coordinate their ... (more) The protectionist temptation: Lessons from the Great ...

Commodities

Depression

Comments vote downundo vote up Economist's View found this 3/17/2009found this

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paul.kedrosky.com - 3/18/2009

Call Off Depression 2.0

— paul.kedrosky.com — Pace my earlier post about an uptick in short-term economic data, here is a piece from Reuters... late today. I am still of the view that we have the current rally, potentially to considerably higher levels on relief and better short-term U.S. data, and ... (more) Call Off Depression 2.0

Commodities

Depression

Comments vote downundo vote up CARPE DIEM found this 3/18/2009found this

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Saturday Morning Depression
Lawrance G. Lux — ... Paul Krugman provides a good comparison between the Great Depression and the current Recession, but methinks that he is being somewhat disingenuous, thorough his failure to provide other Recession Curves to give some comparative analysis. I would state there is a similarity of Curve structure throughout all economic recessions during the first year, differing basically only in the slope of decline; this slope I have found to be determined by the Warehouse Stockpile levels at the considered Point of Entrance to the Recession. Almost anything can be found in formulation based upon ...

"A Tale of Two Depressions"
Economist's View — ... : The parallels between the Great Depression of the 1930s and our current Great Recession have been widely remarked upon. Paul Krugman has compared the fall in US industrial production from its mid-1929 and late-2007 peaks, showing that it has been milder this time. On this basis he refers to the current situation, with characteristic black humour, as only “half a Great Depression.” The “ ...

A Tale of Two Depressions
The Big Picture — ... The parallels between the Great Depression of the 1930s and our current Great Recession have been widely remarked upon. Paul Krugman has compared the fall in US industrial production from its mid-1929 and late-2007 peaks, showing that it has been milder this time. On this basis he refers to the current situation, with characteristic black humour, as only “half a Great Depression.” The “ ...