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Blinder and Zandi

Dan Crawford | July 29, 2010 9:32 am

Hat tip Calculated Risk for the Alan Blinder and Mark Zandi paper How the Great Recession Was Brought to an End.

Comments (2) | Digg Facebook Twitter |
2 Comments
  • ilsm says:
    July 29, 2010 at 10:36 am

    Thanks for link, from extract seems like an interesting read.

  • Rider I says:
    July 30, 2010 at 7:41 am

       Um, I would wonder if we are really out of the recession or merely just placing a big band aid on it. If I believe we follow the cycle of boom and bust service industries. Then, we will just be right back into the same situation after the next cycle. However, we will be worse after the next service cycle (Insurance industry) goes through the same cycle that the .com and mortgage industries went through. I would think that we need to rely more on an international trade policy and expansion of goods that are valuable in the international trade community to fully pull out of this recession.
       As such, would it be being out of a recession if we still had high job loss, an economic theory that keeps us in an uncompetitive international bind, and the majority of the money spent in our supposed creation of jobs in the green tech industry went to foreign countries to bolster their manufacturing and technology advances of green tech? I think not, I think it is just a band aid till the next crash, like the mortgage industry making up jobs lost in from the .com bust.
      I would say we are not out of the woods by a long shot. We still have a very big obstacle in foreign trade to overcome. As such if we do not overcome this obstacle and create a productive reliance on international trade to underdeveloped countries and a less reliance on service industries we will be right back into this recession. However, it will be a depression.
       Logical conclusions:
     US is service based,
     green tech stimulus money was spent more on foreign job creation than domestic production and
     that service industries actually respond in a bell curve cycle of employment gain, peak and loss after stabilization leaving the country that is mass dependant on it, once again at a loss after the myriad of affects it causes.
     
    My website is:
    http://rideriantieconomicwarfare.blogspot.com/
     
    It is still under construction and it should be proper by August 15, 2010. However, I plan to publish on it a theory of how the Chinese Communist Economic Cartels of State Owned Enterprise caused the World Crash. I believe the US and other countries have done a good job at looking at and fixing problems that might have caused the world crash. However, China has not and is actually furthering the determent by amassing a huge SOE cartel strategy for their national interest.
     
    I do not know how to get traffic if you could help I would appreciate it. I am not making money I am just trying to get this theory out because the US committee that watches Economic Cartels is not longer around (I believe) and the WTO committee is inactive. I just want to get my theory out there.

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