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Raghuram Rajan:
Sep 2013: Recession coming
Aug 2014 : Recession coming
Jun 2015: Recession coming
Apr 2017: Recession coming
June 2018: Recession coming.
As & when recession finally comes, be sure to give Rajan credit for predicting it
And stop taking astrologers seriously
Sep 2013: Recession coming
Aug 2014 : Recession coming
Jun 2015: Recession coming
Apr 2017: Recession coming
June 2018: Recession coming.
As & when recession finally comes, be sure to give Rajan credit for predicting it
And stop taking astrologers seriously
Snapshot of the "Conclusion" part in Raghuram Rajan's famous 2005 paper "predicting" the financial crisis of 2008.
Rajan asks the world to prepare for the LOW PROBABILITY of a highly costly downturn at some unknown point in the future..
And you thought astrologers are vague.
Rajan asks the world to prepare for the LOW PROBABILITY of a highly costly downturn at some unknown point in the future..
And you thought astrologers are vague.
The final slide in Rajan's presentation based on his famous 2005 paper where he explains how to stop the recession.
His plan: "Smart regulation".
Which came as a huge surprise to all other eminent economists at the time who were advocating for "dumb regulation".
His plan: "Smart regulation".
Which came as a huge surprise to all other eminent economists at the time who were advocating for "dumb regulation".
