Announcing a new Meetup for Prague Spring, NYC Chapter!
(Many links in Meetup Website)
What: The Bailout So Far ...
When: November 18,[masked]:15 PM
Where: Click the link below to find out!
Meetup Description: A Tribute To Paul Krugman
A long long time ago in Aug 2005, Krugman warned us about the impending housing bubble. He talked about the decoupling of housing prices and what is called the "owner's equivalent rent", and that the housing prices had to collapse to avoid extraordinary levels of inflation. Along the same time other economists like Roubini were talking about a coming stagflation. Last December, Krugman gave another wonderful introduction (link in website) to the current economic crisis resulting from the housing bubble. Through his blogs and columns he has kept us abreast of the developments in the financial markets and educated us about complex economic issues. Of course most of you know that earlier this month he was awarded the Nobel Prize in Economics for his work on international trade which forms the basis behind the Euro.
Krugman's blogs at the Times provide a wonderful archive of his thoughts as this crisis unfolded. These are distinct from his biweekly columns which are more political in nature. Through these blogs we get a glimpse of not only the mechanism but also the thoughts, ideas and struggles behind crafting this $700 billion bailout which is still in progress. I am putting together a summary (a work in progress) and also a view from the other side at the Economist.
Perhaps many of you are already aware of some of the details from you own readings or other meet-ups. This would be a great opportunity to discuss these somewhat complex issues.
For all those interested to know and talk about the current crisis, this is a must attend meet-up.
Learn more here:http://www.meetup.com/praguepring/calendar/9064238/