Re: the downturn

[Alejandro Valle Baeza <valle@xxxxxxxxxxxxxxxx>]

Michael Perelman wrote:

Each day, I am seeing more signs of a downturn.  I am fairly convinced
that it is real.  Jim D. keeps referring to a Godley-like scenario, which
seems to make sense.  My question is whether it can unravel into a
full-blown disaster.  I am not confident one way or another.  I would
appreciate any feedback that you might have.

My intuition is that the more dramatic the boom, the greater the bust.

Too bad Alan Greenspan did not get out a bit sooner without tarnishing his
reputation as a genius.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx

I think there is a big problem ahead, look at this

Saludos
Alejandro Valle Baeza

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