Redstate

Posted at 8:38am on May 1, 2008 The Credit Crisis and the Economic Outlook

Low Growth in Q1. What Lies Ahead?

By blackhedd

If you follow my posts here at RedState, you know that I was among the first to compare the current economic situation to the Great Depression (in its genesis and dynamics, not necessarily in its severity), and also to predict a long, stubborn economic funk. Now that many, if not most, mainstream commentators on the economy basically agree with me, it's time to turn contrarian again and take another look into the crystal ball.

Given that all kinds of Armageddon scenarios have now been baked into financial-asset and commodity prices, it's not a bad time to ask whether something less bad than the worst-case will actually occur.

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Posted in Bond market | credit crunch | depression | Economy | housing-market equilibrium | overnight repo | recession | stock marke — Comments (19)/ Email this page » / Read More »