Economic trajectory

Ben Bernanke said, “[the Fed] will continue to forcefully deploy all the tools at our disposal as long as necessary to support the restoration of financial stability and the resumption of healthy economic growth,” according to Reuters News at www dot reuters dot com/article/newsOne/idUSTRE52627J20090307

Richard Posner said, the economic is likely to slid into “depression” in his own words, according to the keynote remark he gave at a conference on the free market mindset at Harvard Law School at www dot law dot harvard dot edu/news/2009/03/17_free-market.html

Also Robert Hall mentioned that this credit crisis might be the most severe one in the US history. There is an interesting chart, according his blog at woodwardhall dot files dot wordpress dot com/2009/03/emp309.jpg

depression.figure

Comments are closed.

Log in