In next few years inflation is going to be the bigger problem [than deflation]. We’re not going to see a sustained turnaround in the economy until next year.
—Martin Feldstein
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- The entertainment can go further than expensive re…
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- We need a coordinated surge to stem contraction in the credit markets ………………………………………………………………………………………. “We are really in uncharted waters. The question that has to be raised now is, where is all this going to end?” —Former Richmond Federal Reserve Bank President J. Alfred Broaddus Jr. “We are in new territory, this is a different game. [Neither Federal Reserve Chairman Ben Bernanke nor Treasury Secretary Henry Paulson] know what to do but they are trying to come up with ideas” —Senate Majority Leader Harry Reid ………………………………………………………………………………………. what happened to the $25b auto industry bailout, anyway?
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- Absent bold action, matters could well get worse.…
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