NOT déjà vu.
If we are going into another round of recession, we aren’t going the same way as before.
In the late 90s, I was part of a group of cyber-buds who debated markets, economic theory and policy in a stimulating endless argument. A few of them (George Ure, Tom Drake, Rick Ackerman) have carried the tradition to this day, adding their voices to the tree frog chorus of economic thought on the web.
Just to be clear, I love tree frogs and their nighttime racket.
I have my Tree Frog Beer T-shirt from freshman year in college, much the worse for wear, but you can still recognize the all-knowing face of the Checkered Demon. For those who know and appreciate the greatness of the Demon and S.Clay’s other characters, you might want to stop by and donate to help him with uncovered medical expenses.
But, I digress. What I really came to do today was to talk about yield curves predicting recessions. Read the rest of this entry »