Friday, December 01, 2006
Krugman: Economic Storm Signals
Tough 2007
by Paul Krugman
How serious a slump is the bond market predicting? Pretty serious. Right now, statistical models ... give roughly even odds that we’re about to experience a formal recession. And since even a slowdown that doesn’t formally qualify as a recession can lead to a sharp rise in unemployment, the odds are very good — maybe 2 to 1 — that 2007 will be a very tough year.
Luckily, we’ve got good leadership for the coming economic storm: the White House is occupied by a man who’s ideologically flexible, listens to a wide variety of views, and understands that policy has to be based on careful analysis, not gut instincts.
Oh, wait.
Read the whole thing
Paul Krugman Politics Recession 2007 Bush Republicans News