Krugman heralds start of next depression

[kev374]

deflation is defined as a decrease in the price level, all I see right now is prices increasing so where is this deflation that he is talking about?

[briansd1]

Talking about the free market, it seems to have decide that the recovery is not sustainable without government action.

Krugman has been right so far.

Economic data out today suggest economic recovery cannot continue without government help

UPDATED at 4:16 p.m. with market closing numbers:

A raft of bad economic data out this morning pushed Wall Street toward its third bad day in a row, though stocks trimmed some of their earlier losses.

A terrible home sales number combined with weak construction spending and manufacturing data paint a picture of an economy that cannot recover without a sustained and substantial infusion of government cash. Not that I’m arguing for that.

The Dow closed down .42 percent at 9,732.53.

http://voices.washingtonpost.com/economy-watch/2010/07/markets_fall_at_opening_follow.html?hpid=topnews

[briansd1]

Talking about the free market, it seems to have decide that the recovery is not sustainable without government action.

Krugman has been right so far.

Economic data out today suggest economic recovery cannot continue without government help

UPDATED at 4:16 p.m. with market closing numbers:

A raft of bad economic data out this morning pushed Wall Street toward its third bad day in a row, though stocks trimmed some of their earlier losses.

A terrible home sales number combined with weak construction spending and manufacturing data paint a picture of an economy that cannot recover without a sustained and substantial infusion of government cash. Not that I’m arguing for that.

The Dow closed down .42 percent at 9,732.53.

http://voices.washingtonpost.com/economy-watch/2010/07/markets_fall_at_opening_follow.html?hpid=topnews

[briansd1]

Talking about the free market, it seems to have decide that the recovery is not sustainable without government action.

Krugman has been right so far.

Economic data out today suggest economic recovery cannot continue without government help

UPDATED at 4:16 p.m. with market closing numbers:

A raft of bad economic data out this morning pushed Wall Street toward its third bad day in a row, though stocks trimmed some of their earlier losses.

A terrible home sales number combined with weak construction spending and manufacturing data paint a picture of an economy that cannot recover without a sustained and substantial infusion of government cash. Not that I’m arguing for that.

The Dow closed down .42 percent at 9,732.53.

http://voices.washingtonpost.com/economy-watch/2010/07/markets_fall_at_opening_follow.html?hpid=topnews

[briansd1]

Talking about the free market, it seems to have decide that the recovery is not sustainable without government action.

Krugman has been right so far.

Economic data out today suggest economic recovery cannot continue without government help

UPDATED at 4:16 p.m. with market closing numbers:

A raft of bad economic data out this morning pushed Wall Street toward its third bad day in a row, though stocks trimmed some of their earlier losses.

A terrible home sales number combined with weak construction spending and manufacturing data paint a picture of an economy that cannot recover without a sustained and substantial infusion of government cash. Not that I’m arguing for that.

The Dow closed down .42 percent at 9,732.53.

http://voices.washingtonpost.com/economy-watch/2010/07/markets_fall_at_opening_follow.html?hpid=topnews

[briansd1]

Talking about the free market, it seems to have decide that the recovery is not sustainable without government action.

Krugman has been right so far.

Economic data out today suggest economic recovery cannot continue without government help

UPDATED at 4:16 p.m. with market closing numbers:

A raft of bad economic data out this morning pushed Wall Street toward its third bad day in a row, though stocks trimmed some of their earlier losses.

A terrible home sales number combined with weak construction spending and manufacturing data paint a picture of an economy that cannot recover without a sustained and substantial infusion of government cash. Not that I’m arguing for that.

The Dow closed down .42 percent at 9,732.53.

http://voices.washingtonpost.com/economy-watch/2010/07/markets_fall_at_opening_follow.html?hpid=topnews

[AK]

False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.

[AK]

False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.

[AK]

False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.

[AK]

False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.

[AK]

False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.

[briansd1]

[quote=AK]False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.[/quote]

Yes, but those questions would be more long term.

We need to get through the current hardship.

The Dow well under 10,000.

– How much lower would stocks have fallen without all the bailouts?
– How much economic output would have been sacrificed with zero government intervention.
– How much more wealth would have been lost?
– And how much poorer of a society would we all have been?

[briansd1]

[quote=AK]False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.[/quote]

Yes, but those questions would be more long term.

We need to get through the current hardship.

The Dow well under 10,000.

– How much lower would stocks have fallen without all the bailouts?
– How much economic output would have been sacrificed with zero government intervention.
– How much more wealth would have been lost?
– And how much poorer of a society would we all have been?

[briansd1]

[quote=AK]False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.[/quote]

Yes, but those questions would be more long term.

We need to get through the current hardship.

The Dow well under 10,000.

– How much lower would stocks have fallen without all the bailouts?
– How much economic output would have been sacrificed with zero government intervention.
– How much more wealth would have been lost?
– And how much poorer of a society would we all have been?

[briansd1]

[quote=AK]False dichotomy.

Is it sustainable *with* government action?

Is the government action needed to sustain indications of a recovery sustainable itself?

Not that I’m against a stimulus … but I do think we need to be asking different questions.[/quote]

Yes, but those questions would be more long term.

We need to get through the current hardship.

The Dow well under 10,000.

– How much lower would stocks have fallen without all the bailouts?
– How much economic output would have been sacrificed with zero government intervention.
– How much more wealth would have been lost?
– And how much poorer of a society would we all have been?

[Author]

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