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Thread: The Third Depression

  1. #1
    Havakasha is offline

    The Third Depression

    i certainly hope Krugman is wrong.

    http://www.nytimes.com/2010/06/28/op...rugman.html?hp

  2. #2
    SiriuslyLong is offline
    Guru
    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    I do too.

    We publish our production numbers daily. I walked in this morning and couldn't believe what I saw, especially in light of the summer months being slow. We are having an outstanding June. We're making piles of money, hiring people, bringing in consultants for training, and having parties.

    I just talked to one of my customers who makes parts for electrical meters - business is good.

    I don't know what to make of it. Implicitly, there is some sensationalism in news. I trust what I see.

  3. #3
    Havakasha is offline
    Well if you read the following you might begin to think that maybe Krugman knows what he is talking about. According to this article on Ireland they have tried (2 years ago) what Europe is now talking about doing and it has backfired on them.

    http://www.nytimes.com/2010/06/29/bu...agewanted=1&hp
    Last edited by Havakasha; 06-28-2010 at 11:30 PM.

  4. #4
    SiriuslyLong is offline
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    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    Quote Originally Posted by Havakasha View Post
    Well if you read the following you might begin to think that maybe Krugman knows what he is talking about. According to this article on Ireland they have tried (2 years ago) what Europe is now talking about doing and it has backfired on them.

    http://www.nytimes.com/2010/06/29/bu...agewanted=1&hp
    Inflation has worked for a long time. It is like it has become the system. The plain truth is that no one's money is worth a damn thing.

  5. #5
    Havakasha is offline
    What did you think of the Ireland article?

  6. Ad Fairy Senior Member

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