Just for fun, and to ruin your weekend, here’s Nouriel Roubini’s forecast for 2009, hot from the presses at MarketWatch: Roubini forecasts recession will last 2 years – MarketWatch Why take notice of Roubini? Well: he was one of the few who forecast the current mess. Sure he grandstands and is trying to make a […]

The comments are beginning to pile up. It seems that an increasing number of commentators are agreeing that the economic stimulus plan being proposed by the incoming Obama administration is nowhere near large enough, and in some cases ineffective. Here’s one such comment from John Judis in The New Republic: Not Doing Enough Let me […]

Straight from the New York Times this morning is Uwe Reinhardt’s brief but excellent comment on the inability of the economics profession to foresee the current crisis: An Economist?¢?‚¬?„¢s Mea Culpa – Economix Blog – NYTimes.com Those of you who have to listen to me regularly know that I am counted among those who regard […]