Steve Keen’s Long Walk
A Steve Keen forecast that might actually come true:
2010 should be an interesting year for property. I will probably have to walk to Kosciouscko [sic] at its beginning…
posted on 29 September 2009 by skirchner
in Economics, House Prices
(4) Comments | Permalink | Main
|
Comments
I’m still waiting for a Stephen Kirchner forecast to come true.
Stiglitz in April 2008: “The US recession will be long and deep”
Kirchner in April 2008: “The US recession that isn’t”
Well mate, its long and deep, and its still going. Oh no, don’t tell me, there wouldn’t have been a recession if there wasn’t any government interference!
Posted by .(JavaScript must be enabled to view this email address) on 09/30 at 04:29 AM
Stiglitz has actually been very critical of the US government response and I agree with many of his criticisms. Where Stiglitz goes wrong is assuming that this is just a bug rather than an inescapable feature of government intervention.
For the record, US GDP expanded in Q2 2008.
Posted by skirchner on 09/30 at 05:27 AM
Don Harding has a good op-ed piece in today’s Oz on forecasting.
Posted by .(JavaScript must be enabled to view this email address) on 09/30 at 10:52 PM
It’s a great piece.
Posted by skirchner on 09/30 at 11:47 PM