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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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 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