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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (80930)8/3/2010 9:57:18 AM
From: Bill1 Recommendation  Read Replies (2) | Respond to of 90947
 
Krugman's name is on the list of leftist JournoList conspirators. Obviously, he views himself as more opinion journalist than economist.



To: Brumar89 who wrote (80930)8/4/2010 12:10:19 AM
From: Sully-1 Recommendation  Read Replies (1) | Respond to of 90947
 
Toy of the Year

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To: Brumar89 who wrote (80930)9/24/2010 11:35:39 AM
From: TimF3 Recommendations  Read Replies (1) | Respond to of 90947
 
Mark Zandi’s Abysmal Record
September 23, 2010 4:54 P.M.
By Veronique de Rugy

Mark Zandi of Moody’s Economy.com has been a media darling for the last three years, so much so that very few days go by without my reading one of his quotes about how the stimulus will create economic growth, how the stimulus is working, how the stimulus has worked, or how the stimulus created as many jobs as the administration said it would.

He has been also very active on the Hill. For instance, he testified again yesterday before the Senate Budget Committee reopened the debate about whether the stimulus packages and other federal interventions have been effective. His written testimony is here. As expected, he explained that the Obama administration’s economic stimulus plan has been successful and helped prevent a second Great Depression.

Now, there is a great list published today at “The Big Picture” tracking Zandi’s forecasting errors. It is quite an astonishing list of errors, considering how often his opinion is presented by the media and the administration as independent and reliable. As the author explains

. . . based on Zandi’s record, either his analysis is just wrong or his independence is compromised. Everyone seems to like to hear the guy who is saying what people want to hear, even the press appears to prefer “feel good” analysis to considering the accuracy of his record.

The whole thing is here. (Thanks to Tyler Grimm for the tip.)

nationalreview.com

The Abysmal Track Record of Moody’s Mark Zandi
ritholtz.com



To: Brumar89 who wrote (80930)10/24/2010 1:50:32 PM
From: Peter Dierks3 Recommendations  Read Replies (1) | Respond to of 90947
 
What Grows An Economy?
Oct. 20 2010 - 12:35 pm | 13,934 views | 1 recommendation | 20 comments
By RICH KARLGAARD

During the Great Recession and its aftermath, the U.S. economy has performed slightly better than flat. That’s hard to believe, isn’t it? But the numbers tell the story. In 2008, 2009 and (projected) 2010, the U.S. GDP was (and is), $14.3 trillion, $14.2 trillion and $14.6 trillion.

Yes, it’s hard to believe the economy was flattish – factually, ever-so-slightly growing – over the worst patch in our lifetimes. Why did the economy feel so much worse if it was merely flat? Good God, what would happen if the economy actually shrank over several years?

Answer: Americans are accustomed to growth. And with a growing population, we need growth.

Since World War II, the American economy has ...

Message 26910858