Cartoon of the Day
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Wednesday, April 09, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
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.
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4 Comments:
Reporters have to sell their stories otherwise they would just be bloggers.
Some of the reporters that were predicting the end of the financial world were not far off. If it had not been for hundreds of billions of dollars of tax dollars provided in various rescue programs things would have been dire.
The proponents of the Goldilocks economy have been slow to respond to reality. Even now there are people with considerable education, experience and expertise that insist we are not in a recession. Everyone else knows the truth and now even Greenspan says we are in a recession and the road ahead might get ugly.
The cartoon would be funnier and accurate if it said that he's a reporter for NBC, CNBC or CNN
Anon, which reporters predicted the "end of the financial world"? What exactly does that mean? What "hundreds of billions of dollars", and what were the "various rescue programs"? Money used to "bail out" Bear? Are you talking about the stimulant? This was hundreds of billions, but it has not been sent out yet. Was the cartoon a little too close to home?
Sounds like Krugman and the next recession. Of course the cartoon is right. I do expect to die - anytime from now and the next 50 years.
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