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The U.S. economy this year smells a lot like last year, Paul Krugman says: “We'll start...

The U.S. economy this year smells a lot like last year, Paul Krugman says: “We'll start the year with 'we've turned the corner, recovery's on the way,' and end the year with 'if this is a recovery, it sure doesn't feel like a recovery.'”
Comments (12)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Figure this out and the next Nobel is awaiting.
    29 Jun 2011, 05:54 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    And with no "big" QE X announcement, what will propel stocks?
    29 Jun 2011, 05:54 PM Reply Like
  • Tack
    , contributor
    Comments (12770) | Send Message
     
    QE has been flowing in massive amounts into Treasuries and commodities. It's equities that are suffering, not bolstered, because the private sector has been crowded out of the capital picture, and banks do not wish to expand lending while interest rates are unattractive.

     

    Ending QE and allowing rates to rise will be the best thing that can happen to the private sector. We just need to give it a chance.
    29 Jun 2011, 06:00 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    "We just need to give it a chance."

     

    Tack, I'm afraid it has the chance of the proverbial snowball. The whole idea of Keynesian economics is that the government can make things happen through their efforts and Adam Smith's invisible hand is just that. Unfortunately, the law of unintended consequences always seems to get in the way. Regards.
    29 Jun 2011, 06:04 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    The QE factor is massively over rated.
    29 Jun 2011, 06:12 PM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    that's because its a Keynesian recovery.
    29 Jun 2011, 05:59 PM Reply Like
  • apberusdisvet
    , contributor
    Comments (2860) | Send Message
     
    Krazy Keynesian eKonomist Krugman seeKs Klarity on Korporate Kleptocracy reKovery.

     

    There, I fixed the essence.
    29 Jun 2011, 06:12 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    There is nothing wrong with economy and it is recovering very nice. I have to wait at least 45 minutes to get table on Friday for dinner.
    29 Jun 2011, 07:43 PM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    How long do you have to wait to find a job?
    29 Jun 2011, 11:51 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    I do have a job and if you do not have a job just get up at 4 AM. Not only you you will have a good job but you will have a good health.
    30 Jun 2011, 05:09 AM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    My comment was not intended to ask "you" Tigersam how long you have to wait to find a job...it was intended to ask, how long does an unemployed person have to wait to find a job. New jobless claims were 428k. Unemployment at the U-6 measure is 17 -18%. There is plenty wrong with the economy. Tax receipts are 14.9% of GDP - a multi-year low.
    30 Jun 2011, 08:52 AM Reply Like
  • HiSpeed
    , contributor
    Comments (1063) | Send Message
     
    SA would do its readers a much better service by simply posting a link to the latest "Dilbert" as opposed to anything by Krugman.

     

    Either way, we're getting a joke.
    29 Jun 2011, 08:33 PM Reply Like
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