Tag Archives for economists
What Recession?
LOL. The NBER acknowledged the risk of double-dip recession in its statement, but said “The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December … Continue reading
Krugman Diagnostics
States the obvious. As I see it, the economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth. -Shlok Sign up for my newsletter.
Economists Circling the Drain
Unable to wrap their minds around Taleb, economists are flailing into a laughable pile of insular logic. This dribble is indicative of just how unable to cope that ‘profession’ is. Taleb’s point (or anyone worth listening to nowadays) is that … Continue reading
Note To All Economist Wannabes
Try not to do well in your economics classes. It’ll help. But there are at least 15,000 professional economists in this country, and you’re saying only two or three of them foresaw the mortgage crisis? Ten or 12 would be … Continue reading