Bonnie Erbe

Will the Financial Crisis Get Worse?

November 13, 2008 RSS Feed Print

Let's hope he's wrong this time: Nouriel Roubini, the famous forecaster of the economic pit we're in now, says the worst is ahead of, not behind us.

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Tags:
Nouriel Roubini,
economy,
Wall Street

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Read up on your history, it was Volcker whose tight money policies in the early 1980s ended stagflation, thus contributing to the "Reagan Boom" and the historic great dis-inflation. His policies were not in response to anything Reagan did, but to the dangerously high inflation of the 1970s, caused in part by LBJ, Nixon, & Carter's failed policies. Volcker actually met and worked with Reagan - they arranged and agreed upon tight monetary policy to rein in inflation and tax cuts to increase the robustness of the private economy and long run economic growth.

Joe C. of VA 12:00PM November 14, 2008

As we have nothing to base any increased hope upon with the Bush Buddies and the Cheney Cheats, we have only to hope that Obama's crew of the best and brightest can somehow make sugar out of Georgie's DooDoo!!! With old time favorites like Robert (I balanced the Budget) Rubin and Paul (I saved the Reagan Years) Volcker, I have more hope than doubts about bringing on the A Team to fix the bailout fiasco. Shoot, Mr. Paulson doesn't even know where he is much less our bailout bucks.

Ray Fisher of NM 9:55PM November 13, 2008

Bonnie Erbe

Bonnie Erbe

Bonnie Erbe is a contributing editor at U.S. News & World Report and hosts PBS's weekly news analysis program, To the Contrary with Bonnie Erbe. She also writes a weekly syndicated newspaper column for Scripps Howard News Service.

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