gulfnews.com - 12/21/2008
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San Francisco: The US economy has a 50 per cent chance of falling into a depression during the next three years, said Roger Farmer, a member of the National Bureau of Economic Research's economic fluctuations and growth programme."There's a significant probability things will get worse," Farmer, ...
tpmcafe.talkingpointsmemo.com - 12/18/2008
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tpmcafe.talkingpointsmemo.com —
This discussion has so far one major lack:
it does not tell us what "depression economics" is...
supposed to replace--it does not tell us what non-depression economics is, or was. So let me try my hand at a definition of non-depression economics. ...
(more)
What Is Non-Depression Economics?
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50% chance of depression in US
Democratic Underground Latest Breaking News —
... The loss of confidence is leading households and companies to undervalue assets, which is hurting consumer spending and investment, he said. A government fiscal stimulus programme will have a "questionable" immediate effect on consumption and financial markets, Farmer said. Instead, he said he supports the idea of letting the Federal Reserve or government step into the stock market by buying indexed securities such as those linked to the Standard & Poor's 500 Index... Read more: http://gulfnews.com/business/Economy/10268818.html
Gates of Vienna News Feed 12/23/2008
Gates of Vienna —
... 50% Chance of Depression in US San Francisco: The US economy has a 50 per cent chance of falling into a depression during the next three years, said Roger Farmer, a member of the National Bureau of Economic Research’s economic fluctuations and growth programme. “There’s a significant probability things will get worse,” Farmer, 53, said during a phone interview Friday. “We’re certainly not at the end of the recession and things are getting worse.” ...
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