While most of my blog readers like my analysis, the same can’t be said for the economics profession in general, let alone the so-called market economists — mainly but not exclusively Chief Economists for banks (I would be curious to find out what their own “internal press” looks like!). This page will record some of the negative press I’ve received as a result — and also comments, such as ex-PM John Howard’s recent comment, that argues this isn’t a major crisis.
It should prove an interesting litmus test over time. If I am wrong, then these commentators can bask in their own “I told you so” moments. And if not…
Australia
2009
Washington, Stuart. “Fed to the rescue,” Sydney Morning Herald, 9th May 2009.
Gottliebsen, Robert. “A global triumph,” Business Spectator, 8th May 2009.
Zappone, Chris. “RBA sees revival on the way,” Sydney Morning Herald, 21st April 2009.
Anonymous. “More US economic hope,” Sydney Morning Herald, 17th April 2009.
Anonymous. “Signs of hope for economy: Obama,” Sydney Morning Herald, 12th April 2009.
Quinn, James. “Obama adviser has end in sight,” Sydney Morning Herald, 11th April 2009.
McKibbin, Warwick. “Warwick McKibbin joins The 7.30 Report,” Australian Broadcasting Corporation, 9th April 2009.
Ryder, Terry. “Values more likely to rise, contrary to warnings,” The Australian, 9th April 2009.
Zappone, Chris. “Dollar eases back from three-month high,” Sydney Morning Herald, 3rd April 2009.
Zappone, Chris. “Your house is safe, RBA says,” Sydney Morning Herald, 31st March 2009.
Joye, Christopher . “First-home grant should be free loan,” The Australian, 24th March 2009.
Duffy, Michael. “The rubbish PMs love to peddle,” Sydney Morning Herald, 21st February 2009.
Howard, John. “Five great reforms are an essential legacy,” Sydney Morning Herald, 20th February 2009.
Davis, Mark. “Reserve bank director opposes package,” Sydney Morning Herald, 6th February 2009.
Swan, Peter. “Rudd’s pudding much too sweet,” Sydney Morning Herald, 6th February 2009.
Turnbull, Malcom. “Rudd’s splurge is too much too soon,” Sydney Morning Herald, 5th February 2009.
Anonymous. “World can learn from us: Gillard,” Sydney Morning Herald, 31st January 2009.
Carr, Adam. “MAKE AUSTRALIA WORK: Forget the deflation bogeyman,” Business Spectator, 29th January 2009.
Gittens, Ross. “No good reason to feel depression,” Sydney Morning Herald, 28th January 2009.
Pascoe, Michael. “Ah, so that’s unemployment,” Sydney Morning Herald, 22nd January 2009.
Keane, Bernard. “The peddlers of recession p‑rn,” Crikey, 19th January 2009.
Joye, Christopher. “Concrete Detail,” Crikey, 7th January 2009.
Davis, Mark. “Give your pay packet a shave and help save jobs,” Sydney Morning Herald, 2nd January 2009.
2008
Teutsch, Danielle. “The hard times aren’t over yet: Fuel, rent, power bills up next year,” Sydney Morning Herald, 28th December 2008.
Anonymous. “Lessons from the national accounts,” Sydney Morning Herald, 4th December 2008.
Joye, Christopher. “Real estate’s temple of doom,” The Australian, 3rd December 2008.
Maiden, Malcolm. “The bottom of the interest rate barrel is a long way off,” Sydney Morning Herald, 3rd December 2008.
Greber, Jacob. “‘Rate Cut’ Rory Bets Australia’s Highest Peak on House Prices,” Bloomberg News, 28th November 2008.
Gittens, Ross. “Housing heads for a soft landing,” Sydney Morning Herald, 26th November 2008.
Gittens, Ross. “Why Rudd and Rees are rewriting history,” Sydney Morning Herald, 24th November 2008.
Walsh, Kerry-Anne. “Did you miss me? Howard returns,” Sydney Morning Herald, 16th November 2008.
Hawthorne, Mark. “Dodo’s public relations stuck on the ground,” The Age, 23rd October 2008.
Pascoe, Michael. “Economists lining up to disagree with Steve Keen,” Crikey, 23rd October 2008.
Henderson, Gerard. “Doomsayer gets instant fame,” Sydney Morning Herald, 21st October 2008.
McCrann, Terry. “More bad home-buying behaviour,” Herald Sun, 16th October 2008.
United States
2009
Yellen, Janet L. “A Minsky Meltdown: Lessons for Central Bankers,” Federal Reserve Bank of San Francisco, 16th April 2009.
Greenspan, Alan. “The Fed Didn’t Cause the Housing Bubble,” The Wall Street Journal, 11th March 2009.
2005
Barnes, David. “Market facts puncture myth of ‘housing bubble’,” Houston Business Journal, 30th December 2005.
2004
Anonymous. “Fed’s Greenspan Doubts ‘Housing Bubble’ Thesis,” The Street, 6th May 2004.
Bernanke, Ben S. “The Great Moderation,” The Federal Reserve Board, 20th February 2004.
2002
Bernanke, Ben S. “On Milton Friedman’s Ninetieth Birthday,” The Federal Reserve Board, 8th November 2002.
Bernanke, Ben S. “Deflation: Making Sure “It” Doesn’t Happen Here ‚” The Federal Reserve Board, 21st November 2002.
Crescenzi, Tony. “Housing Bubble? That’s Crazy Talk,” The Street, 26th April 2002.
England
2007
Baker, Gerard. “Welcome to ‘the Great Moderation’,” Times Online, 19th January 2007.
