August 30th, 2010 by jwolinsky
While Bernanke continues to deny the potential of an economic downturn and tries to convince the market that he can save the economy with his impotent monetary policy, reliable and trustworthy economists like Robert Shiller say the Fed is out of bullets and the risk of a double dip is “imminent”:
August 28th, 2010 by jwolinsky
Nouriel Roubini of Roubini Global Economics told CNBC Thursday that he believes the chances of a double-dip recession are now more than 40 percent and policymakers have few options to stimulate the economy. I am not a macro-economist but I will add in a few points; GDP was just revised down to 1.6% for the [...]
July 30th, 2010 by jwolinsky
Few macroeconomic prognosticators have been as correct as publicly at crucial moments as Yale’s Robert Shiller, whose first and second editions of the Irrational Exuberance laid bare, with remarkable timing, the speculative bubbles forming first in the Internet-crazed stock market and next in residential real estate. Shiller is a professor of finance at Yale and [...]
July 24th, 2010 by jwolinsky
By Francesco Giavazzi, Professor of Economics at Bocconi University and author (with Alberto Alesina) of “The Future of Europe: Reform or Decline“. CEPR Research Fellow The global macroeconomy is at a juncture; some economists argue for continued fiscal stimulus to avoid a double dip recession while others argue for fiscal prudence. In this column, one of [...]
June 28th, 2010 by jwolinsky
John Hussman is officially warning about a double dip recession. Hussman issued a similar call in November of 2007: Based on evidence that has always and only been observed during or immediately prior to U.S. recessions, the U.S. economy appears headed into a second leg of an unusually challenging downturn. A few weeks ago, I noted that [...]