Monthly Archives: September 2009
“The most severe recession since the last one!” Or, how Canadian economic forecasters got it right
The August LFS release is out, so it's time to update my series of graphs comparing job losses in this recession with those of recessions past. And it's also time for Canadian economic forecasters to take a bow – their predictions for how the recession would proceed out turned out to be pretty much on […]
Who is increasing their spending – debtors or creditors?
That's the question we ought to be asking right now, but I haven't seen anyone ask it, let alone answer it. I don't know the answer, but I do know it's the right question to ask.
Pre- Darwinian Macroeconomics
There are signs of economic recovery. Suppose a year from now it is clear that the economy has indeed recovered. What caused it? Was it: monetary policy; fiscal policy; or did the economy recover by itself? I don't know the answer to that question; nor does anyone else. If you have one world recovery, and […]
Worthwhile Canadian Initiative 
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