Recession will be nasty and deep, economist says

Market Watch ^ | August 23, 2006 | Rex Nutting

[Toddsterpatriot]

Is Nouriel really Willie Green?

[Toddsterpatriot]

Eeyore ping!

[RexBeach]

I think this guy's a Clintonista.

BTW, if he knows so much, how come he's still working? :)

[L98Fiero]

"Recession will be nasty and deep, economist says"

Is that like "mad, bad and dangerous to know"?

[showme_the_Glory]

Well, if an economics professor says it, it must be so.

[KoRn]

"Eeyore"

?

[RightWhale]

Could be. Ford might take itself private which explains why the stock is up today. Maybe Lucent should take itself private. Oops, too late, voted on the merger already, we're French now.

[A Balrog of Morgoth]

The longfaced donkey from Winnie-the-Pooh

[Abathar]

I miss Willie, he was so much fun to poke with a stick and watch fly off the handle....

[nocommies]

i think hes right, interest rate swings in the past 6 years have been far too dramatic, thanks to the so called maestro mr greenspan. i dont know about a severe recession, but the bill is coming due for ALL households with higher rates, fuel costs, and reduced wealth effects!!

[pgyanke]

[L98Fiero]

Newtons Third Law as applied to economics. Still seems to hold true.

[GWB00]

He is Clintonista. Whenever, I see these types of stories, I do a Google on the person opining. He donated $500 to Liberman back in 2004 when Joe was still a Democrat in good standing.

Also, he served as Senior Economist for International Affairs, White House Council of Economic Advisers, 1998-1999

[goldstategop]

Good thing I'm cashing out before the recession hits. Then my next home purchase... should be eh - a buyer's dream! Maybe I'll shop for a beach front mansion if he's right on the money. ;-)

( No more Olmert! No more Kadima! No more Oslo!)

[Toddsterpatriot]

i think hes right, interest rate swings in the past 6 years have been far too dramatic

That's right! Just looking at the last 5 years we see interest rates (on the 10 Year T-Bond) have climbed from 5% all the way up to 4.791% today.

We're obviously doomed.

[Obadiah]

Doggone if these guys aren't feverishly trying their hardest to talk this economy down into a basketcase!

[vaudine]

His may be the typical PFA theory of economics professors-Plucked From Air.

vaudine

[oceanview]

its only when the tide goes out, that you see who is swimming naked.

[observer5]

"arguing that the collapse of housing would bring down the rest of the economy"

Just weeks ago everyone was talking about the eceomy growing too fast. Now that the effect of the reent interest rate hikes is being felt in the housing market, this bozo talks RECESSION!

What an idiot!

[GWB00]

but the bill is coming due for ALL households with higher rates, fuel costs, and reduced

I will agree when people stop going to Starbucks and ordering $3 to $4 cups of coffee everyday.

Gas and commodity prices keep increasing and so does Starbucks stock. These are the items that go first when wallets are being pinched. $15 to $20 a week is a half a tank of gas.