Thursday, October 25, 2007

Some economics links, October 25, 2007

Nouriel Roubini revists his predictions from last year and says:
"As for decoupling of the rest of the world from the US slowdown this author argued as early as August of 2006 - and again throughout the fall of 2006 - that the decoupling view was conditional on the US achieving a soft landing; instead, conditional on a US hard landing twelve separate financial, trade, currency, confidence and other channels would imply that the rest of the world would not decouple from such a US hard landing."
Dani Rodrik on economists with snake oil. From Roubini's post it seems that some main stream economists are not exempt either.
Brad Setser on who is holding up the dollar:
"The funny thing is that the emerging world has been able to muster support for massive, global intervention needed to hold the dollar up –"
James Surowiecki supply side economics via Brad DeLong
"It’s more like saying that the best way to treat sick people is to bleed them to let out the evil spirits."

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