The basic point is that the recession of 2001 wasn't a typical postwar slump, brought on when an inflation-fighting Fed raises interest rates and easily ended by a snapback in housing and consumer spending when the Fed brings rates back down again. This was a prewar-style recession, a morning after brought on by irrational exuberance. To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, psycho killer qu'est que c'est fafafa fa fa fafafa fa fa..
― m0stlyClean, Sunday, 2 October 2011 17:35 (eight years ago) link
There’s something happening here. What it is ain’t exactly clear
Krugman line in the NYT quoting some other group
― curmudgeon, Friday, 7 October 2011 14:39 (eight years ago) link
― buzza, Sunday, 29 July 2012 22:36 (seven years ago) link
about 50% of his posts involve the arcade fire at this point
― iatee, Sunday, 29 July 2012 22:38 (seven years ago) link
we need to get his take on the gaslight anthem
― mookieproof, Sunday, 29 July 2012 22:43 (seven years ago) link
uh ok paul what the hell?
― (The Other) J.D. (J.D.), Wednesday, 8 January 2020 21:52 (one month ago) link
never mind i should've posted this on an ile thread. carry on!
― (The Other) J.D. (J.D.), Wednesday, 8 January 2020 21:53 (one month ago) link
"My God! What have I done?"
― buzza, Wednesday, 8 January 2020 23:15 (one month ago) link