My 5 stupidest predictions / moves during The Economic Apocalype

1. "A CD at 4% is too low a rate. Let's not lock it in for more than 6 months."

2. "New York City real estate is overvalued. Surely it must drop an additional 15 to 20 percent."

3. "Pull out of Apple. No one's gonna buy expensive niche electronics in the middle of a deep recession."

4. "Gold is topped out at $1050. We're in Recovery mode already."

5. Failure to take advantage of every goddamn stock rally from October 09 til now.

Krugman: The 3rd Depression

Krugman:

"We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.

And this third depression will be primarily a failure of policy. "

http://www.nytimes.com/2010/06/28/opinion/28krugman.html