Krugman on “Signs of Recovery”

In Financials, Politics on April 15, 2009 at 23:00

Here is Paul Krugman commenting on the recent optimism that has dominated the markets and the news in the past ten days. Can this optimism be justified? One thing is for sure: the pace of economic contraction has been slowing down and we are near the point of reaching bottom, if we haven’t done so, yet. Unemployment will still be rising in most countries but that’s is not a clear indicator as the labor market is a rather adjustable/adaptive component to the economy.

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