Professor Mark J. Perry's Blog for Economics and Finance
Update: In early March the odds for positive U.S. real GDP growth in the third quarter were only 25%, based on contracts trading at Intrade.com, the "Prediction Market." As the economy has improved and as economic indicators have grown increasingly positive over the last six months, the odds for positive third quarter growth have increased to 92.5% (see graph above, click to enlarge).
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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