Entries tagged "Depression chic"
This isn't the Great Depression. This isn't 1932. True, it's still early -- Treasury has just begun sending proposals up Pennsylvania Avenue -- and we could take another sickening descent into chaos, but all the evidence of incremental reform are there.
Much of the conversation around Richard Posner's 'A Failure of Capitalism' centers on how he 'changed' his mind about deregulation and whether that makes him feel remorseful. Well, it doesn't seem to.
Hopefully you had a relaxing holiday season where you were able to forget all the troubles in the world for a few days -- if you didn't notice, here at Dealscape we did. We also thought we'd ease back in to scaring you about the imminent end by not posting this Sign of the Apocalypse until Tuesday. In our latest sign the end is near, Nobel Prize winning economist Paul Krugman has started the new year on an unusually dour note in his first New York Times column of 2009 entitled "Fighting off Depression" where he outlines his nightmare: a...
It's not clear if the media is moving beyond Great Depression analogies, or if Depression chic is morphing into something new and even more absurd. In a recent Bloomberg News story about the National Bureau of Economic Research's pronouncement that the economy officially entered a recession in December 2007, a source offered a new name for the 2008 recession: "The Great Recession." ...
While the Chicken Littles in the mainstream media comb their archives for images of the Great Depression, an unlikely voice of reason emerges from Newsweek and Slate columnist Dan Gross who argues 2008 is not 1929. Gross, in fact, is downright irate over the issue, suggesting he'd like to throw Arthur Schlesinger's "The Coming of the New Deal" at the next person to make the comparison. Of course, if he does toss Schlesinger's three-volume set at someone, they should respond by throwing back Gross' own tome "Pop!: Why Bubbles are Great for the Economy," published in May 2007, just...
