I review DB’s new book in a future edition of the Sacramento News & Review.
Seth
Date: Mon, 5 Jan 2009 08:42:35 -0500
From: "Max Sawicky" <[email protected]>
Subject: Re: [Pen-l] Who saw the bubble coming: A chronology of media
coverage of the housing bubble
To: "Progressive Economics" <[email protected]>
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<[email protected]>
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Krugman recognized Dean's work early and explicitly in his column.
Dean has a new book out:
http://www.amazon.com/Plunder-Blunder-Rise-Bubble-Economy/dp/0981576990
>
> http://www.cepr.net/index.php/publications/reports/the-run-up-in-home-prices-is-it-real-or-is-it-another-bubble/
> "The Run-Up in Home Prices: Is It Real or Is It Another Bubble? August
> 2002, Dean Baker"
>
> There's about everything in this paper: probable loss of housing
> wealth given the price deviation from trend with no reason,
> probable impact on spending and growth, etc... All the right measures
> and predictions. Dean Baker did update it from then up to now,
> noting that all incompetent/recidivist arsonist economists are now part
> of Obama economic team instead of being rightfully discredited
> and flipping some burgers in a remote part of the country
> without health insurance.
>
> Good luck to USA citizens, they'll need it.
>
> Laurent
>
>
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