Professor Mark J. Perry's Blog for Economics and Finance
Based on actual trading at Intrade.com, the recent volatility in stock markets here and abroad has increased the chance of U.S. recession in 2007 from about 16.5% a week ago to almost 23% in the last few days of trading.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
1 Comments:
Economic expansion cannot last forever. Even today with most economies doing well worldwide, a short recessionary period seems natural and should be expected.
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