Don't forget Casey Mulligan, full professor at the U. of Chicago, in
the NY Times, Oct 10, 2008. Here's a snip from the middle of his OP
Ed saying all is well:
It turns out that John McCain, who was widely mocked for saying that
“the fundamentals of our economy are strong,” was actually right.
We’re in a financial crisis, not an economic crisis. We’re not
entering a second Great Depression.
How do we know? Well, the economy outside the financial sector is
healthier than it seems.
Gene Coyle
On Mar 6, 2009, at 1:17 PM, raghu wrote:
How about this piece of wisdom from Ben Bernanke as late as May 2007:
"Given the fundamental factors in place that should support the demand
for housing, we believe the effect of the troubles in the subprime
sector on the broader housing market will likely be limited."
-raghu.
--
Never get into fights with ugly people, they have nothing to lose.
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