CNBC Chance of Recession as High as 80%: Merrill Lynch Study
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"While researching for this article I came across a searing indictment by [Arthur C] Clarke on the American capitalist system. After observing that the structure of American society may be unfitted for the effort that the conquest of space demands he continued, "No nation can afford to divert its ablest men into essentially non-creative and ( Read more... )

From The Archdruid Report
Wednesday, September 30, 2009

To mention money and metaphysics in the same sentence, as I did at the close of last week’s post, is to invite any number of misunderstandings. The hoary habit of thinking that walls off philosophical questions in a ghetto of abstractions apart from the world of ordinary life gets in the way ( Read more... )

US Recession Risk

February 2009: 91%

March 2009: 91%

Probabilities of upcoming recession in the next six months derived ( Read more... )

OK, it's a bit of a joke, these are kind of as bad as could be.
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March 01, 2009
"The Financial Crisis and the Systemic Failure of Academic Economics"

Via email:

The Financial Crisis and the Systemic Failure of Academic Economics, by David Colander, Hans Föllmer, Armin Haas, Michael Goldberg, Katarina Juselius, Alan Kirman, and Thomas Lux ( Read more... )