I’d be more sanguine about all of this if there were any indications that private, final demand is taking off — consumers, business investment, whatever. But I haven’t seen anything suggesting that sort of thing.
The chances of a relapse into recession seem to be rising.
I’d be more sanguine about all of this if there were any indications that private, final demand is taking off — consumers, business investment, whatever. But I haven’t seen anything suggesting that sort of thing.
The chances of a relapse into recession seem to be rising.
Paul Krugman in NY Times
Related posts:
- Jon Danielsson: Krugman Deserves An F
- Paul Krugman: Saved by big government
- Paul Krugman: How Did Economists Get It So Wrong?
- Iceland’s Warning to the World
- Double market
December 3rd, 2009 → 9:39 am @ Dadi
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