by Calculated Risk on 6/08/2009 03:58:00 PM
Monday, June 08, 2009
Krugman: Recession May End this Summer
Paul Krugman is delivering a three part lecture at the London School of Economics starting today.
Bloomberg has some quotes: Nobel Laureate Krugman Says Recession May End ‘This Summer’
“I would not be surprised if the official end of the U.S. recession ends up being, in retrospect, dated sometime this summer,” he said in a lecture today at the London School of Economics. “Things seem to be getting worse more slowly. There’s some reason to think that we’re stabilizing.”The next two lectures will be Tuesday ("The eschatology of lost decades") and Wednesday ("The night they reread Minsky") at 6:30 PM London Time.
...
Even with a recovery, “almost surely unemployment will keep rising for a long time and there’s a lot of reason to think that the world economy is going to stay depressed for an extended period,” Krugman said.
The live webcasts are here.