Ritholtz: The "Pros" Have This Cycle All Wrong

[cieldumort]

The following are extracts from a recent Washington Post article by Barry Ritholtz

Wall Street analysts and economists have this recession recovery wrong
By Barry Ritholtz, Originally Published: July 15 | Updated: Saturday, July 16, 8:26 PM

The recession is well behind us now, and Wall Street seems to think this recovery should be all wrapped up.

Comments

[underlankers]

It seems to me the problem here is that this time unsustainable economic policies, as in the 1930s are global and that the big economies have learned nothing in the long time lapse since the Great Depression. We could be in for another Victorian-style Long Depression if this continues the way it does.

[cieldumort]

indeed

[darksumomo]

I have a whole bunch of posts on my Blogspot (Crazy Eddie's Motie News) about austerity and the efforts to both impose it and resist it. In fact, I'm claiming that the theme of this entire decade will be the interplay between austerity and sustainability. I'd post links, except I'm worried that they'd get caught in LJ's spam filter unless one of our mods has turned it off. I'll make a test response to this comment with a link to see if I can or if I have to ask for it to be unscreened.

Test

[darksumomo]

Here's one of the anti-austerity posts on Crazy Eddie's Motie News: In Chile, superheroes dance against austerity.

Re: Test

[darksumomo]

Oh, good, I can post links in comments. Just for that, I present the search for all posts on that blog that mention austerity.

Re: Test

[cieldumort]

Just a few, eh? ;-)