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10 Jul 2009 04:02 pm
The Liberal Bears
Krugman and Reich are not seeing the green shoots. Here's Krugman, still trying to sell a second stimulus:
[The WSJ's economic forcasters] outlook is quite bleak: on average, the surveyed economists
expect unemployment to rise to 10 percent, still be 10 percent in June
2010, and fall only to 9.5 percent by the end of 2010. And a fair
number of the forecasters — including Jan Hatzius of Goldman, whose
analysis I follow closely, and has been spot on so far — think that
unemployment will actually rise through 2010.
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