Are we (we are) heading for a recession?
Just check out this well argued, detailed piece, “Wake up to the dangers of a deepening crisis”, by Lawrence Summers: “Three months ago it was reasonable to expect that the subprime credit crisis would be a financially significant event but not one that would threaten the overall pattern of economic growth. This is still a possible outcome but no longer the preponderant probability.
Even if necessary changes in policy are implemented, the odds now favour a US recession that slows growth significantly on a global basis. Without stronger policy responses than have bee...
I am a huge fan of Wikipedia. Here’s a new neat hack: 