Working Papers

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 30 September 2009 by skirchner in Economics, House Prices

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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  02:29 PM

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  03:27 PM

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  10/01  at  08:52 AM

It’s a great piece.

Posted by skirchner  on  10/01  at  09:47 AM

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