In yesterdays post, I wrote about Paul Krugman and his thoughts at FFA 2009 in Biblioteque Solvay, Brussels.
This interview is well worth watching for his brief discussion about finance. Note that most politicians discuss the recession and how we may be out of it in 2010. Instead, Paul Krugman calls it the “Mother of all recessions” and possibly “Great Depression 2”. That is a big step ahead of the current rhetoric and from someone that ought to know what he talking about (unlike many politicians…).
Just try and keep count - how many times does he use the word depression in this interview?
Why did he mention this so much? Just remember that in yesterdays post I mentioned that I was able to help set the questions…