Protectionism, Recession, Recovery: Looking Back and Looking Forward

In thinking of protectionism, the Great Depression, the Great Recession, and what might come next, here are two interesting angles.

Governments with their backs against the wall

Ideally, stabilisation using monetary and fiscal policy, alongside actions by the private sector, should restrain the decline in consumption, and yield conditions which are not too harsh . . . → Read More: Protectionism, Recession, Recovery: Looking Back and Looking Forward

Mister Sunshine Predictions

Brian Wesbury is one of the more optimistic professional economists out there. He’s proud of being dubbed “Mr. Sunshine.” Wesbury is chief economist at First Trust Advisors of Chicago and his assessments on the economy are quite in line with what you read here at the Good News Economist day after day.

He even . . . → Read More: Mister Sunshine Predictions

Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

Churchill 1942

Summary

The extent, so far, of the internal devaluation process depends on the time period used for analysis. Using Q3-2007 as the beginning . . . → Read More: Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain