Saturday, August 21, 2004
Stupid Headline Watch I: New York Times
by Tom Bozzo
I guess I must have missed macro class that day. In fairness to Eduardo Porter, the author, the piece is no worse than any other workmanlike effort attempting to show why the effects of the oil shock really won't be so bad.
Via Gretchen Morgenson, Morgan Stanley's Stephen Roach is more rationally pessimistic.
An Oil Shock That Could Be an Economic Stimulus in Disguise (page B1, Midwest edition)
I guess I must have missed macro class that day. In fairness to Eduardo Porter, the author, the piece is no worse than any other workmanlike effort attempting to show why the effects of the oil shock really won't be so bad.
Via Gretchen Morgenson, Morgan Stanley's Stephen Roach is more rationally pessimistic.
