Econ Club: It's about logic, not emotion.

Under the guise of Econ Club, I have sat in many of bars alongside peers and professors, attempting to solve the world’s problems with economic logic. Couched primarily in economic topics, attendees are encouraged to be blunt, using logic not opinion to discuss current events. It is because of the success of these meetings and encouragement from past participants that I am moving Econ Club into blog form. As such, post articles, comment on them and of course keep a refreshing beer nearby.

Monday, August 18, 2008

Dr. Doom
By STEPHEN MIHM
Published: August 17, 2008
Two years ago, Nouriel Roubini predicted the current economic crisis. Now he sees things becoming far worse.

http://www.nytimes.com/2008/08/17/magazine/17pessimist-t.html?ex=1376625600&en=71e7149347d8fdf2&ei=5124&partner=permalink&exprod=permalink

1 comment:

Angel said...: Any thoughts- are Roubini's predicitions too pessimistic? Personally, I lean more towards Roubini's thoughts-- why because its appears that our economy has become so dependent on the credit markets for growth (creating consumer demand and corporate activity), and our export sector too weak, that govenrment on its own can't bale out the downward cycle. Lower energy prices alone aren't going to change things, in fact in the long run they might force creative change, and that ultimatly be the driver to new growth later.; August 18, 2008 at 10:38 AM