First we read that market savant Norel Roubini thinks the economy is going nowhere fast. Now we see that UC Berkeley economist Brad DeLong has had a change of heart and pegs the chance of a new Great Depression at 5%. For 2 1/4 years now I have been saying that there is no chance [...]

Does today’s negative unemployment report offer evidence that this year’s giant stimulus bill isn’t working? And if so, is that because it wasn’t big enough or because more government spending isn’t the antidote to what ails us? A sampling of economists’ online opinions shows most sticking to their ideological guns, whatever the make. Robert Reich, [...]

With so much ink and and so many electronic bytes being devoted to the economy by the media, we thought it would be interesting to see what the professionals — economists — have to say about it themselves. Here’s the first group we took a look at: Grasping Reality with Both Hands – U.C. Berkeley [...]