Wednesday, July 16, 2008

The Almost Daily 2¢ - Feldstein’s Grim Outlook

Today I will respectfully stand aside and keep my 2¢ to myself… why you say?

Because I could NOT HAVE POSSIBLY painted a more grim (but accurate) picture of the future than one presented by the respected economist, Martin Feldstein, in the following “On Point” segment that aired on NPR yesterday.

This is a MUST LISTEN interview… grab lunch, headphones, dim the lights in the cube and listen to one of the country’s most respected economist recount the details of the Great Housing Bubble, the mistakes made by a lax and easy Fed, calamitously declining home values, inflation trouble and the dire and historic economic downturn we are now fully embroiled in.

Click here to listen to the entire segment.