HMT AT Economy Advantages

HMT AT Economy Advantages - SDI 2010 AT ECONOMY ADVANTAGES...

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AT: War Impacts Empirically Denied EMPERICALLY DENIED, THE U.S. ECONOMY HAS EXPERIENCED MANY ECONOMIC CRASHES WITHOUT THE IMPACTS Gordon 08 John Steele Gordon Wednesday, October 22, 2008 Journal of the American enterprise institute John Steele Gordon is one of America's leading historians, specializing in business and financial history. A full-time writer for the last nineteen years, Gordon's articles have been published in, among others, Forbes, Forbes FYI, Worth, The New York Times Book Review, The New York Times's and The Wall Street Journal's Op-Ed pages, and The Washington Post's Book World and Outlook Panics and Politics d.a. 7-15-10 Will the current financial crisis spur a major political realignment? If history is any guide, the answer is probably no. America has experienced recurrent financial meltdowns since its birth in the late 18th century. Indeed, there were severe credit crunches and Wall Street collapses in 1792, 1819, 1837, 1857, 1873, 1893, 1907, 1929, 1987, and now 2008 . Most of these panics have not been followed by seismic political shifts . To be sure, President Martin Van Buren, who took office a month before the stock market crash of 1837, lost badly when he ran for reelection in the depression year of 1840. But Van Buren was an unpopular and ineffective president, and his defeat did not signal a realignment. Empirically denied – 11 times -This one isn’t bad, relatively Ecommerce Journal 8 December, The U.S. economy is now well into its 11th postwar recession, http://www.ecommerce- The National Bureau of Economic Research has finally confirmed what the real world has known for at least a year: The U.S. economy is now well into its 11th postwar recession . Although the bureau says that it takes anywhere from six to 18 months to determine that a peak in economic activity has been reached, this one has taken longer than its four immediate predecessors. The bureau says that the latest business cycle peak was reached a year ago, in December 2007. By contrast, the March 2001 peak was announced eight months later, while the July 1990 peak was determined within nine months. The July 1981 peak was set six months after the fact , while it took only five months to establish that a peak was reached in January 1980. To be fair, some members of the bureau's Business Cycle Dating Committee have felt for several months that the economy was in a recession. However, they have deferred to the collective judgment of the committee, which was not reached until Friday. The next question is, Who cares? The answer: Anyone who is interested in forecasting. This means economists, investors , policymakers and business people, just to name four categories. By dating the beginning and end of recessions, comparisons can be made
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This note was uploaded on 02/23/2012 for the course DEBATE 101 taught by Professor None during the Spring '12 term at Berkeley.

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HMT AT Economy Advantages - SDI 2010 AT ECONOMY ADVANTAGES...

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