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Posts: 152
fantastic quote from 2004 paper by economists R. Glenn Hubbard and (now president of the ny federal reserve) William Dudley....
Posted by
x (aka dmuck)
Aug 4 '11, 03:10
"�credit crunches� of the sort that periodically shut off the supply of funds to home buyers, and crushed the homebuilding industry between 1966 and 1982, are a thing of the past."
i sure hope that william dudley is making better economic guesses now in his position of power than he did when at goldman sachs
(is.gd)
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