Tuesday, January 15, 2008

Krugman Forecasting Update

Greg Mankiw now weighs in, first saying that "his favorite forecasting services" are still predicting we will avoid an actual recession, and then pointing out that back in 2001, when we had our last actual recession, Krugman wrote that a recession was unlikely and any recession talk was political scaremongering by the Bushies.

Ouch!