The fundamentals are mental. On Fri, Mar 6, 2009 at 4:06 PM, Eugene Coyle <[email protected]> wrote: > 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. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > >
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