Economic Storm Signals: PAUL KRUGMAN - Tough 2007 +
- Economic Storm Signals: PAUL KRUGMAN - Tough 2007 +
By PAUL KRUGMAN - The New York Times - Friday, Dec. 01, 2006
KRUGMAN: The odds are very good that 2007 will be a very tough year. THE COMPLETE ARTICLE AND MORE.OP-ED COLUMNIST
By PAUL KRUGMANEconomic Storm Signals
Published: December 1, 2006
How serious a slump is the bond market predicting? Pretty serious. Right now, statistical models based on the historical correlation between interest rates and recessions give roughly even odds that were about to experience a formal recession. And since even a slowdown that doesnt formally qualify as a recession can lead to a sharp rise in unemployment, the odds are very good maybe 2 to 1 that 2007 will be a very tough year.
Tags: economics, economy, KRUGMAN, New York Times, News, PAUL KRUGMAN, Politics, recession, Republicans
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