Paul Krugman' "the return of depression economics and the crisis of 2008" is an excellent summary explanation of past crises: Mexico '94, Argentina '02, Asia '97, LTCM and Russia in '98, Japan in the 90's as well as the current mess.
Consequently on his blog he warns not to see too much in the currently positively sloping US yield curve.
His stance on the state of the current US real estate bubble, the correction may well continue for a bit. Great quotes as well in the post. Always form your own opinions!
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment