The_Value_Investor

Is America on a Downward Slope?

Great article. However, remember Clinton balanced his budgets by drawing down on Social Security. If you don't believe me, look at the congressional library. I don't personally have a political affiliation. My views are shaped by what is said and done. I find the congressional library and senate minutes are the best place to form views. Completely un-skewed by the media.

This Recession Should End in June

I think everyone is missing a key point here. Because of self-fulfilling prophecies the Fed, Govt, NBER et al. are not able to state "We might be in a recession" if they are not 100% sure! This would completely spook the public and with a 100% chance lead to a prolonged recession. The bottom line is that all of the aforementioned groups are a great place to gather information, do your own analysis and postulate your own opinions. Personally, my guess is that the recession started in December of 2007, housing will bottom and experience a U rebound sometime in late 2009. If we are lucky we will see growth in 2H 2009.

Paul Krugman + Al Gore = The Way Forward

Give me a break, Al Gore and Krugman. If you want to talk about revisionist history you should look back not to the right-wing but the left wing and the education or lack there of in American schools; not to mention the obviously left leaning publication which you pulled these pieces from. By the way your prized environmental savior Gore has a carbon footprint much larger than that of the average American; I see he is doing his part. As noted above, capitalism will fully embrace the most efficient method for solving these problems. If you still aren't concerned, remember what happened last time we gave academics a huge amount of money back in 1994, oh yeah, LTCM & their hubris almost blew up every major bank!