A look at out future, 2009 – 2010 … and beyond

Professor Nouriel Roubini is a "Dr. Doom" (source:  NY Times) for our time.  His forecasts are both analytically clear and terrifying, as in "I fear the worst is yet to come" (The Times, 26 October 2008).  As such he provides a clear reference point against which to compare other scenarios.  How does my view contrast with his? … Continue reading A look at out future, 2009 – 2010 … and beyond

The Coming Global Stag-Deflation (Stagnation/Recession plus Deflation)

"The Coming Global Stag-Deflation (Stagnation/Recession plus Deflation)", Nouriel Roubini, RGE Monitor, 25 October 2008 -- A more optimistic forecast than my own, but an A-team economist.  Reposted in full with permission. His conclusion In conclusion, a sharp slack in goods, labor and commodity markets will lead to global deflationary trends over the next year. And … Continue reading The Coming Global Stag-Deflation (Stagnation/Recession plus Deflation)

New recommendations to solve our financial crisis (and I admit that I was wrong)

Summary:  Please vote, and do so carefully!  This could be one of the most important elections in American history, as continued economic crisis might require a massive (and hopefully temporary) expansion of government power -- unlike anything we have seen except during wars. On September 25 I sketched out A solution to our financial crisis, in … Continue reading New recommendations to solve our financial crisis (and I admit that I was wrong)

Prof Roubini prescribes first aid for America’s economy

As the prospects for the American economy darkens, the discussion turns from "where's my recession?" to "what should we do?"  Prof Nouriel Roubini has similar ideas to those in my post of yesterday, "The last opportunity for effective action before disaster strikes", developed in greater detail.  He has generously allowed this to be reposted here. "Financial … Continue reading Prof Roubini prescribes first aid for America’s economy

A solution to our financial crisis

I received quite a few critiques of my "provide analysis but no solutions" policy.  So here are my recommendations, based on guesses about the course of events.  Being neither an economist nor financial guru, this describes the broad policy actions I suspect are needed -- but not the details.  These measures are consistent with the posts I … Continue reading A solution to our financial crisis