Tuesday, December 22, 2009

Stiglitz On 2010

Here is a story from yesterday on comments by Joseph Stiglitz about his views on 2010 economic performance:


From the article: "Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year..."

I find Stiglitz's view significant because it is in marked contrast to that of the 2010 economic consensus among mainstream economists.

SPX at 1117.67 as this post is written

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