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David is an occasional blogger, software engineer, Nintendo fanboy, liberal, news magazine addict, voracious TiVo user, and bibliophile. He was born in St. Louis, grew up in southern Indiana, and returned to St. Louis to attend Washington University. He hasn't managed to escape yet. He's a fan of free wine tastings, too many tv shows to name, and eating out. David makes his living developing web applications used internally by his employer. He doesn't blog about work because he's heard too many stories about that causing workplace troubles. There's more on the about page. |
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« Real Time Economics : Ignoring the Oracles: You Are With the Free Markets, or Against Them | Main | We Regret These Errors - The Stranger »
Real Time Economics : After Panic: Jobless Rate at 11%, Long Housing Slump?
If history is any guide, the housing market might not bottom until 2010, a stock market rebound isn't in sight, the unemployment rate could exceed 11% and government debt is about to soar.The paper is refreshing because it's straightforward -- it isn't overloaded with Greek formulas and questionable regressions. Instead, they look at what happened to 22 economies ranging from Indonesia in 1997 to the U.S. in 1929 after a major crisis.
There's a lot of "on average" assumptions in this piece, but it is definitely provactive to think that all this talk of economic stimuli and the end being in sight may not be worth much.
Posted by on 5 January 2009 at 9:27 AM
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