online.barrons.com - 2/28/2009
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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 bolster the sagging spirit of the ...
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
krugman.blogs.nytimes.com - 3/3/2009
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krugman.blogs.nytimes.com —
It's one of Ben Bernanke's most memorable quotes:
at a conference honoring Milton Friedman on his 90th
birthday, he said: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to ...
(more)
Friedman and Schwartz were wrong
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Not-So-Great Depression vs. Great Recession
The Big Picture —
... Alan Abelson offers the phrase “Not-So-Great Depression” to describe the current economic syndrome — but I much I prefer ...
Further reading
FT Alphaville —
... on Monday, - The Buffett shocker . - The systemic failure of academic economics . - Black hole alert : American Insatiable Group. - Crime and bubbles . - “This ‘ multinationalisation ‘ may not be the worst alternative for Citi”. - Of all the ways to lose money… - Faster please: Four lessons from Sweden’s bank rescue. - Same question, three different answers . - A timeless critique of today’s America. - Obama’s trickle-up economics . - Only ‘ shock and awe’ policies will tackle Depression. - The ...
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The Great Depression And The Great Recession
forbes.com 25 days ago — Eighty years ago this week, the stock market crashed. Although it was more a symptom of the economy's underlying problems than a cause of the Great Depression, it is still considered the day the worst economic crisis in American history began. I've ...
N/A
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This Is Not Another Great Depression
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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?”
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"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
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A second Great Depression is still possible
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Five Myths About the Great Depression
online.wsj.com 11/4/2008 — The current financial crisis has revived powerful misconceptions about the Great Depression. Those who misinterpret the past are all too likely to repeat the exact same mistakes that made the Great Depression so deep and devastating. Here are five ...
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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 ...
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 ...
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