Monday, September 7, 2009

The 3rd double dip warning in the past 7 days..

Stiglitz warns of economic double dip

US economist Joseph Stiglitz, winner of the 2001 Nobel Prize in economics, warned Monday that the global economy could suffer a double dip, a pronounced rebound giving way to another slide.

Posted by mark @ 07:59 PM (1635 views)
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10 thoughts on “The 3rd double dip warning in the past 7 days..

  • Most of these warnings seem to be combined with the ‘solution’ of continuing ‘economic stimulus’. Similar to the calls to save the banking system from collapse using our money, now the calls are to save the economy from collapse using what is effectively our money. The problem is that the stimulus must go on forever because the causes of the slump have not been dealt with.

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  • If you don’t tighten the belt, the trousers will always fall down. Pants economics.

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  • The trousers might be able to hang on there for a bit, depending on your level of ‘stimulation’…

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  • and in response to the Nobel Prize winner the UKs House Price Crash blogger Mr Shipbuilder commented… ‘the trousers might hang there for a bit…’

    🙂 did make me smile

    In the last days of Mrs Thatchers reign the metaphors were all nautical. Holes below the water line, loose cannon and the like

    Now we are about trousers staying up. Looking at the fashions now, it amazes me that the trousers stay up when they are below the bottom. Maybe gravity isn’t what it was?

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  • the number cruncher says:

    If it remains stimulated for too long it shrivels up and falls off!

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  • Or Goes off like Krakatoa !!!

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  • Shipbuilder, as usual you posted what I thought when I started to read this article… namely, what does this man want? More public money for “the stimulus” of course. Never trust anyone who uses the otiose phrase “going forwards…”. As opposed to what, time travel?

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  • LOL

    I do like coming to HPC. It is my sane digression from what often seems like an LSD induced alter-reality trip involving trousers and erections.

    Aaaahhhh – the sanity of HPC

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  • But if there is too much liquidity then don’t want any stimulus, because then you will have no control and may miss your target.

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  • Guys, c’mon! What does an erection have to do with double dips?

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