Larry says a recession is coming
the odds now favour a US recession.By contrast, the betting over at Intrade indicates that the probability of a recession starting over the next year is still under 50 percent, although just barely.
Random Observations for Students of Economics
I am the Robert M. Beren Professor of Economics at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.