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Comments on: Are we overplaying the crisis http://www.tvhe.co.nz/2009/01/05/are-we-overplaying-the-crisis/ The Visible Hand in Economics Tue, 06 Jan 2009 04:38:57 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: StephenR http://www.tvhe.co.nz/2009/01/05/are-we-overplaying-the-crisis/#comment-7854 Tue, 06 Jan 2009 04:38:57 +0000 http://www.tvhe.co.nz/?p=2530#comment-7854 Yes. I wouldn’t be morbidly excited if I thought there was a chance I was going to lose my job, which there isn’t, I would hazard.

I think people thought WW1 was actually going to be fun though…

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/01/05/are-we-overplaying-the-crisis/#comment-7827 Tue, 06 Jan 2009 02:36:32 +0000 http://www.tvhe.co.nz/?p=2530#comment-7827 “Will be my first recession, so kind of morbidly excited”

This reminds me of how people were talking before World War One – not that I was there of course 😛

One thing I would note with a recession is that those that keep there jobs aren’t necessarily that hurt – in fact they might be better off as prices will fall, and nominal wages might stay about the same. It is people that lose their jobs which really suffer – and the less wages adjust, the more people will lose their jobs.

]]> By: StephenR http://www.tvhe.co.nz/2009/01/05/are-we-overplaying-the-crisis/#comment-7602 Mon, 05 Jan 2009 08:02:03 +0000 http://www.tvhe.co.nz/?p=2530#comment-7602 The crisis seems overblown to me, as I hear so much about such occurences in history and for the future but in my experience nothing’s happened! Will be my first recession, so kind of morbidly excited.

I would rather listen to the educated panic of the Bernard Hickey’s and Gareth Morgan’s then the arbitrary rambling provided by Michael Laws.

Yeah, Laws is a professional pundit – his job is to offer opinion, not expertise. People quoting pundits’ opinions as if they are remotely authoritative are a pet peeve of mine! I guess another example would be Garth George’s attempt at climate change science…

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/01/05/are-we-overplaying-the-crisis/#comment-7537 Mon, 05 Jan 2009 01:45:36 +0000 http://www.tvhe.co.nz/?p=2530#comment-7537 Gyrations is a highly technical term my friend 😉

I understand the craziness – it is amazing how much work accumulates when you are away for a few days 😛

]]> By: agnitio http://www.tvhe.co.nz/2009/01/05/are-we-overplaying-the-crisis/#comment-7532 Mon, 05 Jan 2009 01:34:07 +0000 http://www.tvhe.co.nz/?p=2530#comment-7532 hehe, “gyrations”.

That’s a technical term I haven’t come across yet when discussing economics:P

This just made me think of a new tag line for the blog

“Making Economics Sexy”

But then again, economics is already sexy!

can you tell I’m going crazy now that I’m back from holidays…..

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