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Abandon hope all ye who enter here
AMERICAblog News| A great nation deserves the truth —
... It's from Dante, and is also a sign above the entrance to the creepy catacombs in Paris. Paul Krugman might want to add it to the banner of his blog. ...
Quote of the Day
The Reaction —
... "So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see." -- Economist Paul Krugman, warning us not to see the small glimmers of economic hope as anything more than a 1931-style head fake. I hope Krugrman's wrong, but he hasn't been so far. ...
Higher Skill Levels May Mean Slower Recovery
Matthew Yglesias —
... Paul Krugman waxes gloomy: “So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.” Ryan Avent’s ...
Should I have called the market bottom last month?
Megan McArdle —
... . The only sure way to tell a market bottom is in distant hindsight. Paul Krugman makes the same point about broader economic indicators. ...
Don't Call it a Comeback
Open Left - Front Page —
... "market watchers" have told us to jump back into the stock market, the media is reporting signs of "economic hope", and Ben Bernanke talked about the economy's "green shoots", prompting an online debate about recovery hosted by The New York Times.
The response to this rather superficial positive news - after all, foreclosure activity increased again in February and the unemployment rate rose to 8.5% - was necessarily swift. Paul Krugman pointed to an increase in industrial production in 1931; Tyler Cowen warned about "suckers' ...
