Two leading economists discuss market turmoil, the falling dollar, and the role of the U.S. Federal Reserve.
Speakers: Martin S. Feldstein, President, National Bureau of Economic Research, Inc.
Allan H. Meltzer, Visiting Scholar, American Enterprise Institute for Public Policy Research
Presider: David R. Malpass, Chief Economist, Bear, Stearns & Co. Inc.
The date of this video is Nov. 09, 2007. (not '08). The NBER later set the date for the beginning of the recession at December 2007. Oil later surged to $150/barrel in ~June 2008. Look how much they underestimate the impact of deterioation of the housing market on the real economy.
ahomersimpson 2 years ago