{"id":410,"date":"2010-11-20T00:28:19","date_gmt":"2010-11-20T05:28:19","guid":{"rendered":"http:\/\/kuny.ca\/blogs\/?p=410"},"modified":"2010-11-20T00:28:19","modified_gmt":"2010-11-20T05:28:19","slug":"a-tale-of-two-depressions","status":"publish","type":"post","link":"http:\/\/kuny.ca\/blogs\/2010\/410\/orts\/a-tale-of-two-depressions\/","title":{"rendered":"A Tale of Two Depressions"},"content":{"rendered":"<p>Barry Eichengreen and Kevin O&#8217;Rourke provide an interesting economic historical comparison in this blog article, <a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/3421\">&quot;A Tale of Two Depressions&quot;<\/a>. Yes, things still look serious. Now time will tell whether the stimulus was sufficient or just postponed a day of reckoning. I don&#8217;t think that the core issues (bad assets on the books, too big to fail institutions, have been resolved and that optimism is unwarranted.<\/p>\n<p><em>&quot;To summarise: the world is currently undergoing an economic shock every bit as big as the Great Depression shock of 1929-30. Looking just at the US leads one to overlook how alarming the current situation is even in comparison with 1929-30.&quot;<br \/>\n<\/em><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Barry Eichengreen and Kevin O&#8217;Rourke provide an interesting economic historical comparison in this blog article, &quot;A Tale of Two Depressions&quot;. Yes, things still look serious. Now time will tell whether the stimulus was sufficient or just postponed a day of reckoning. I don&#8217;t think that the core issues (bad assets on the books, too big <a href='http:\/\/kuny.ca\/blogs\/2010\/410\/orts\/a-tale-of-two-depressions\/' class='excerpt-more'>[&#8230;]<\/a><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ngg_post_thumbnail":0,"footnotes":""},"categories":[11],"tags":[22],"class_list":["post-410","post","type-post","status-publish","format-standard","hentry","category-orts","tag-economics","category-11-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/posts\/410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/comments?post=410"}],"version-history":[{"count":1,"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/posts\/410\/revisions"}],"predecessor-version":[{"id":411,"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/posts\/410\/revisions\/411"}],"wp:attachment":[{"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/media?parent=410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/categories?post=410"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/kuny.ca\/blogs\/wp-json\/wp\/v2\/tags?post=410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}