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The Global Credit Crunch

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Uploaded by on Nov 9, 2008

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.

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  • 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.

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