Macroeconomic and Asset Outlook J. Bradford DeLong U.C. Berkeley and NBER March 2010
Where We Are: Worst Recession since 1938
Vs versus Ls
No Overhang of Unsold New Homes...
LiMle Sectoral Imbalance in Economic AcQvity
Returns on Safe Debt at Historic Lows
Returns on the S&P 500
EquiQes: What Goes Up Comes Down
SQll the World’s Importer of Last Resort?
When Will the Dollar Fall?