>>> "Jordan Hayes"
Guilty-as-charged: channel surfing in a hotel is the worst. But I just
watched a pretty good panel put together by the Committee for a Responsible Budget at the National Press Club today
^^^ CB: I saw this too. I even took notes ^^^^.
Maya MacGuineas was the moderator. Dean Baker, Martin Baily (former Clinton CEA Chairman), Mark Zandi Chief Economist from from Moody's economy.com, ^^^ Zandi predicted a global recession until next summer
^^^
Rob Dugger Managing Director at Tudor (hedge fund),
^^^^ CB: This guy blamed the financial crisis on the current accounts deficit, the Henry Liu dollar hegemony/Michael Hudson super imperialism phenomenon. He said the other countries cut lending because of all the toxicity in the loan packages so much talked about now.
^^^^^^^
Tim Adams, Former Treasury Undersecretary for International Affairs under Bush ... ^^^ CB: This guy saw regional economic blocs forming around the world.
^^^^
very interesting set of opinions.
One of the questions that came from the audience was: why not just form
a US "Soverign Wealth Fund" ... :-)
One of them gave a pointer to this article:
http://www.nytimes.com/2008/10/08/business/economy/08leonhardt.html
Summary: if we fix health care, we can fix the economy; if we don't fix
health care, nothing else matters: we're screwed.
It's available to watch on the web:
rtsp://video1.c-span.org/project/economy/econ100808_budget.rm
/jordan
^^^^^
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