Video: Stiglitz and Feldstein -“Bailout is a DISASTER”

January 8, 2009 5:01 pm

Stiglitz says he is more pessimistic? WOW..

Is any of this a surprise? The velocity of the job losses and the obliteration of wealth due to a massive credit implosion will continue to push earnings down and keep a quick recovery from occurring.

NOTE: This is not a pleasant discussion. Keep away from all children, those with emotional distress, pregnant woman and anyone with heart conditions.

The good news? It is only 30 minutes long….(and you can press the stop button)

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