Economist Predicts Recession Will End in 2nd Quarter of 2010
Big Think recently approached five leading international economists for their best predictions on when we will be out of the mess known as our national economy. Watch for their commentary in the Big Think blog in the coming days. And after you get hear their ideas, you can let the countdown begin.
Our second prediction is from Professor Miles Kimball of the University of Michigan at Ann Arbor. Luckily one of Professor Kimball's specialties is the economics of uncertainty. Does anyone actually teach the economics of certainty anymore?
So, Professor Kimball, when will the recession end?
"The Federal Reserve has enough tools to get the economy out of the recession. But there is about a 9 month lag before the effects of monetary policy kick in, and the Fed has not yet done enough. Within 6 months, I expect the Fed to have done enough monetary stimulus to get things moving 9 months after that--in about the second quarter of 2010."
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A completely unexpected discovery beneath the ice.
- Scientists find remains of a tardigrade and crustaceans in a deep, frozen Antarctic lake.
- The creatures' origin is unknown, and further study is ongoing.
- Biology speaks up about Antarctica's history.
She met mere mortals with and without the Vatican's approval.
- For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
- These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
- Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
It's one factor that can help explain the religiosity gap.
- Sociologists have long observed a gap between the religiosity of men and women.
- A recent study used data from several national surveys to compare religiosity, risk-taking preferences and demographic information among more than 20,000 American adolescents.
- The results suggest that risk-taking preferences might partly explain the gender differences in religiosity.
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