Krugman Expands Upon 2010 Recession Risk Statement

[cieldumort]

PK: 30% - 40% odds of technical recession in second half, better than even odds of "growth recession."

From Bloomberg:
Krugman Sees 30-40% Chance of U.S. Recession in 2010


Jan. 4 (Bloomberg) -- Nobel Prize-winning economist Paul Krugman said he sees about a one-third chance the U.S. economy will slide into a recession during the second half of the

Comments

[underlankers]

So if the stimulus doesn't work, what will?

[alobar]

Seems to me we need a trickle-up stimulus, not a trickle-down one.

[cieldumort]

That upside-down utopian world you dream of. Silly alobar.

[underlankers]

Unfortunately, people have been trying for that since at least Wang Mang, Emperor of China, 2,000 years ago and nobody's yet succeeded.