Minggu, 22 November 2009

Robert Shiller Wonders If Recovery Is All In Your Head - And Current Info Indicates It Just Might Be

The co-creator of home-price tracker Case Shiller Index, an economist and Yale professor, says in the NYT, "Beyond fiscal stimulus and government bailouts, the economic recovery that appears under way may be based on little more than self-fulfilling prophecy."

We all want the Great Recession to be over, so we're acting like it is.  But recent data indicates "recovery" is a long, slow way off.

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