Here is the NewsHour from the other night I mentioned above with Krugman, Rogoff (Harvard econ prof.), Marron (lightyear capital), and Alice Rivlin (former US cabinet official and current NYSE board member.) They are all very pessimistic. Rivlin tries to say a few more moderate things and Krugman has to jump in with some reality (this is an interesting example of what you see all the time: government officials are very nervous about saying negative things, as if they feel some special weight of responsibility to not "spook" the markets.) Nothing really new here, but this was the moment for me when it finally seemed like the the truth was starting to come out (although, granted, this was on PBS not CNBC, but still...)
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- jim 2-13-2009 4:52 pm