A Day of Reckoning for Americans Who Lived Beyond Their Means
By Joseph Stiglitz
The housing bubble induced Americans to live beyond their means -- net savings have been negative for the past couple of years. With this engine of growth turned off, it is hard to see how the US economy would not suffer from a slowdown.
http://www.taipeitimes.com/News/editorials/archives/2007/08/12/2003373835
From Information Clearing House
http://freepage.twoday.net/search?q=housing+bubble
http://freepage.twoday.net/search?q=Joseph+Stiglitz
The housing bubble induced Americans to live beyond their means -- net savings have been negative for the past couple of years. With this engine of growth turned off, it is hard to see how the US economy would not suffer from a slowdown.
http://www.taipeitimes.com/News/editorials/archives/2007/08/12/2003373835
From Information Clearing House
http://freepage.twoday.net/search?q=housing+bubble
http://freepage.twoday.net/search?q=Joseph+Stiglitz
rudkla - 15. Aug, 09:39
