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Feldstein: Problems Run Deeper than Wall Street

Posted on October 02, 2008

Martin Feldstein seems discouraged about the prospects for the economy, and he has little confidence in the ability of monetary or fiscal policy to do anything about it:America's Problems Run Deeper than Wall Street by Martin Feldstein: ...We are in the midst of a financial crisis caused by the serious mispricing of all kinds of risks and by the collapse of the housing bubble... What started as a problem with sub-prime mortgages has now spread to houses more generally, as well as to other asset classes. The housing problem is contributing to the financial crisis, which in turn is reducing the ...

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