A Technician in the Short Term

(Community Matters) Insomniactive pointed out Krugman’s column yesterday; I’d forgotten to even read my hard copy NYT. Hmm, not sure if JT’s reference to Krugman channeling the Onion is meant to reinforce the analogy or challenge Krugman’s contention that we’re in for a prolonged recession and that a President Obama will have to take aggressive action to avoid a 2010 backlash. Both Krugman and JT more quantitative and well qualified to opine on the macros and micros. While a fundamentalist long term, I wonder if psychological factors, including optimism and the timing of expectations, couldn’t dramatically influence results. I agree Obama’s administration must immediately demonstrate results to sustain expectations.